Anyone who thinks they have loads of time to cover a short might find themselves to be scorched. Look at how Leo came way out of left field with the most recent PR, announcing stuff NO ONE had anticipated.

Who knows when and what the next announcement might be? If I were short, or hanging back on buying to try to shave a cent or half-cent off the price, I'd sure have trouble sleeping at night, knowing that I might wake up to discover a breakaway gap up.....

I think most of us already have out-sized positions (higher percentage of account than most advisors would deem wise), but it's hard not to pick up more at these absurd levels.