Your right, the conditions are ripe, BUT dont you think with the short interest that HIGH, that most of those positions are held by the very same institutions/hedge funds instead of JOE PUBLIC??
Would be somewhat self defeating to initiate a short squeeze on yourself???? I am just wondering if the institutions are downsizing thier long positions OR are they downsizing their short positions? I mean valuation HAS to count for something or they would have already taken this thing to over a $100 per share by now, right? The stock has been repelled at the $70.50ish range a couple times now at EOD. Just having a tough time interpreting what that is signaling???
Have looked back at the chart over the last 3-6 months and this stock has some WILD swings to say the least.....