I've never seen anything that crazy on the Nasdaq and for no reason just by being short and that definitely gives a huge bounce and I totally agree with you.
Did you see how $PETZ jumped from $2 to $10 in November a few weeks ago ( in a few hours ) and now we are at 0.5 = this is totally abnormal and the potential is huge, you could imagine from $0.5 to jump up to $10, that would be reverse madness (actually, courage to take risks = often rewarded)