SG, you are a brave man to have gone short but I admire your move and you trade your belief.....good on you mate!!
I have a defferent view, traders will look at the same report and come up with 1000 different opinions and interpretations.
What I see market has made up its mind and they like it and pushed the sp by over 4% and to me it is a bullish signal and a confirmation of a trend up.
I have bought more and this is a warming up, there will be some profit taking but the bottom is now confirmed and in place which was in the 20s and some of us including me have bought in at the bottom.
I can see 30 coming much sooner than anticipated.
Nothing is sure but some traders have gone short at 24 and I am happy to say I dont need to worry about it.
Those who have put EVERYTHING and bought in at 25 are probably looking for troubles.
The 2 reports they have removed some uncertainty about the stock. and that is positive.
Stay humble and safe and dont try to prove anything.
Cheers,
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