@ dash8400

short covering is not a cut and dry technique. Sold at an avg high price. If shorts are ccommitted in their stance, the shortseller will sell into strength. then when the buying strength disappears ( Ie. GSF conference), the shorts will sell into the bid. "Selling it down" as some have put it. Covering starts when technical support levels are hit. this is not an all or nothing trade. As most do on the buying they average in. When a short is covering, he is averaging in and is attempting to maximize his profits before completely buying in.

He keeps the difference between the price he sold at and what he had to buy back in at. There is alot of risk in shorting, especially if the margin call is high. that really depends on the broker and the individual/institution.

FYI, warrant holders could be using this vehicle to lower their avg cost for exercising their warrants.

there is nothing fundamentally wrong with the company, only that we are in a "lull in the action" and traders are taking advantage of it.

With that said, I suspect we are nearing the bottom. FYI, S1=1.23 S2=1.18.