The trade today above yesterdays close is the buy indicator. Short seller wants to cover and is trying to push it below 47c to do so. A stupid stock to be short on in the first place and the trouble is that no one is willing to sell down to 47c.
Cover time for the short seller - buy time for the rest
Expect the short position is somewhere between 1 - 3 m shares at present so not huge but a full 2 - 3 days buying at current volumes.
Was Waiting for Wednesday . . ., page-2
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