Remember though, just because they HAVE to cover doesn't mean they will cover and push it up. That's like saying people who are long HAVE to sell at some time. And the smart shorts, which they are since they shorted at 40, are covering a little bit at a time on the bid on the way down. Every panic is covering some shares for them
Don't chase and be realistic. Don't shoot for the moon, take your profits when you have them. Nothing wrong with taking small profits and seeing it go up huge, it just as well could have tanked right after you sold.