They need to find a way to cash out, only idiots buy at this level.
SO they squeeze the shorts, force the covering and UNLOAD. (ah what a game for those on the street) Great story, but they will take profits and reload again later.
Should retest its gap at $74s this month. IMO may even fill its gap around $58.
---An old trader taught me, whenever a stock gets too far from its weekly 200 day MA it makes the most killer short. AAPL has a 200 day at $40 and we are at $80. THIS STOCK IS WAY OVERBOUGHT! P E R I O D - I do not care how much you love your gadget called an IPOD.