I have never shorted, however If I had shorted 1pg at 2.30 I would not cover till 1.78 had appeared to stabilize because the +ev was right either pass 1.80 and lose a few cents and I would cover, or actually drop to 1.50 where I would stand to make even more money- with a chance of going even lower where I would also be buying to go long the second I covered. This stock is so unique though I'd be definitely weary of a bull trap tricking me off my short.
Shorters are comfortable and in control they may not have covered and I wouldn't have yet.
However I would be taking today seriously and ready to cover Monday morning.
They could get buried by a weird announcement or crazy reaction to this stock entering asx300.
Anyone want to interject?
1PG Price at posting:
$1.73 Sentiment: Buy Disclosure: Held