RE: Averaging down27 Aug 2021 12:03
You should not sell now in the first leg up, as shorters will have to buy back soon as their recent shorts already result in a loss, though some early shorts may still be in profits, but that margin is getting smaller. With shorters closing, the share will have another leg up or two. In fact , it might be a good idea to add more to capture the momentum. The perception of the company situation has changed, so there should be upside.