of course there are many hypotheticals to make the #'s work. but if one is constantly pushing the price down, and buying on the way up, the profit is small for the risk taken. for instance, if PERT has sold 300,000 shares in the last week or so since 1.225 and shorting all the way down to .90, where's he gonna cover? starting at .90? and go back up? doesn't seem worth it, he needs a window. unless we have another 2mil share day at a bottom and he uses that to cover all the shares. seems like a lot of work to go after a stock that has so many strong fundamentals going for it.
on l2, i'll agree with you, it looks like shorting but some apects just don't make sense.
btw, i'm not trying to argue or anything, just trying to discuss the issue so maybe i, myself, can come to a conclusion (because i haven't yet)
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