Short data on WBT, page-2341

It would be interesting to hear the logic from someone still short on it.

Lets say the lowest might be 2.70 from $3 that's a 10% drop

I wonder if you had not covered or started to cover now how much that additional % is worth to you. Because the reality is the bottom might be 2.90 or 2.80 which is nothing % wise for the risk of an Announcement is closer with each passing day / week

Its the same in reverse when its had a huge run even if you think you might get another 10% out of a stock there is a time you start selling to lock in profit and keep some back to maybe get that high.

A new short position from where we are now would take an insanely bearish person to make it worth while you'd have to expect $2.00 (a 33% drop from here) it could happen but i don't think so.

Volume wise over the past few days hasn't been enough to indicate that any real covering would have happened in that 4 day lag so i think the 7% is wildly inaccurate or the shorters know something that they shouldn't.