A big spike in shorts yesterday, presumably followed up today....

A big spike in shorts yesterday, presumably followed up today.  As other posters have pointed out, just another attack in the lead up to results and getting a little too predictable if you ask me.

The shorters goal is to drive the price down as low as possible before they begin buying back and closing out their positions. They don’t care about fundamentals, just want to cause as much damage to the share price as a possible.

The good thing for us is that with every short trade they run their ammunition down. And, for all their effort we still sit comfortably above $7. When they give up, and have to buy back all those shares, watch the price explode. Patience is well rewarded in this game, well done to those who bought low.  So much extra satisfaction knowing you’re stuffing up a shorter.