The Chart, page-7

Because the first downgrade was around 40% and then today's open was down another 40%. At some point you need to close the shorts in order to bank profit. Those that didn't close on today's lows have lost some of their profit. It's all good if they think it will keep going lower, but that's a risk they have to take. $3.70+ was a good point to start closing positions from $10-16+

Pretend you were short all this time, wouldn't you be pleased to close positions from today's open? I would be. Can't be too greedy thinking it's going back to $1-2 like some other posts here.