Longs want the price to spike past $3.00 so that they can sell at a great profit.
I am boxed (long one account, short equal number of shares in another account). What ever price this stock goes up to, once it starts topping out or a down trend starts, I will sell the long side of my box, and will then be suddenly short at exactly the time when shares are hardest to find to short. I want this stock to go as high as possible so that I maximize the price where I establish my short position. As this company has, according to the latest SEC filing, no revenues, no employees, and very little cash, I expect that when the hype fades and the insiders have sold their shares, the price will head back down towards zero. So my reason for wanting the price to spike is different, the more it spikes, the more I make on the way down.
