If you look at the 1/12 trading on the day, almost all of the volume was in the low .002s and upper .001s, putting the average price for the 82 million shares sold short in the low .002s, with 56 million FTDs which came up on those short sales.Imagine needing to find 10s of millions of shares to cover right now into this stock, not to mention cover shorts from like 50% below the current pps. I think if they tried to buy back even like 5 million here at this range, they would wake it right back up (and even those 5 million would be covered at a large loss).
Long story short, to the untrained eye I think it's easy to think the party is dead here, but understanding the shorts from 1/12 puts things into perspective. This current scenario is quietly and subtly very very bullish.
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