"cover those i have to and short some more.if i am in the business of shorting its what i do .chartists and fundamentalists will also all be doing what they know.market up market down. if you are in it you do what you know best."
Having said that, if you were a bull trader as opposed to a short seller are you saying that you would sell at a profit and then buy again if you are in the business of buying for a profit.
I think you would wait to get in cheaper, like the shorters would wait till it bounced up to short again.