Shorting is the last thing you do here unless you know absolutely that the stock is posied for a dive.

Chartwise its at the bottom. All it has to do now is breakout and head upwards in a positive divergence. The craziest thing to be doing now is going short when it is in this stage of it's SP. Unless you are fully confident you will profit from here on in by going short.

Shorters prey on two situations.

1) They look for lofty valuations that do not merit where they are at and are highly overvalued in there eyes

2) Prey on the downfall or the possible demise of a stock given an negative outlook or a recent round or bad news putting the stock in a bad sentiment soon to be reflected in a falling SP.

Lastly a combination of the above makes a great target for the shorter.

As you know there were some last minutes ruling passed by the SEC in the US putting a list of 600 stocks you could not short.

I don't think there are many people thinking about going short on a stock that is 3 cents away from its new 52 week low. It's crazy if you think this is a lofty unsustainable price. I would think those who seek a little profit here are better off trying to play the 10-20% swings we see in the SP.

Lastly if you were banking on being a short here then what do you see coming that's detrimental to the stocks current SP of 20 cents? What can and will hurt the company's outlook? The price of nickel and possible it's cash crunch plans. Thats all I can think of.