I disagree with both of these possible reasons for the rise to $10. For any short to take a position in a stock that is rapidly rising, they have to know what is fueling the rise and how to stop it. What ever spark that got the rise started, it was fueled by new investors buying in at $4, $5, $6 etc.. with a feeling Of “it’s happening, I’m going to double my investment overnight!” These investors are the first to sell when the SP starts to show the run has lost steam. Some got out with a profit, some are still holding but the Citron hit article is what scared these new investors to get out now. This is a textbook plan for shorts to create the perfect situation for a short position. These shorts are always trying to fuel “pile on” rally’s and quick drops. Many don’t work, but sometimes they do.

I would encourage everyone to not look at the $10 SP as some sort of significant level, it is a fabrication. As much as I do believe in technical analysis, this situation is about fundamentals. The SP is the lagging indicator and all indicators driven by past SP are even more lagging. Eua’s, approvals, sales, trail data, real person testimonials, etc.. are what will set the value.