It is kind of unfair. But you know, we were all privy to the...

It is kind of unfair. But you know, we were all privy to the fact that shorts had increased quite significantly leading up. I mentioned it earlier but no-one seemed to want to know. Everyone was set on the idea that short covering was going to take PDN straight to 90. When the number of shorts suddenly rises to 11%, why would you not take the hint that things are going to move downward? - especially when you know the guys shorting PDN always seem to be far more in the know. They may now exaggerate this downtrend seeing as they have decent downward momentum, so look for entry after things flatten out would be my strategy.