Now the shorters are beginning to walk this down a

Now the shorters are beginning to walk this down and incremental $500 slaps on the ask won't provide the support needed to fend them off. The shorters waited for the swing traders to fire the first volley, holding their shares in reserve for the walk down. They assume the longs are all in, having added on the run up, and so now they haven't the dry powder to support the pps against the attack.