I think you are correct. Shorts seem to disappear at around 35c,...

I think you are correct. Shorts seem to disappear at around 35c, then, without the support of them covering positions who knows what the bottom will be at the end of trade. maybe in the 20's at which time I can not see a recovery. But some will come out and say something like "i just doubled my holding". A foolish move with the constant flow of bad news and media reports of a class action and further downgrading.