谈谈我最近被short squizz的感受吧(FOR BEARS ONLY)

From this Sept., I begin to notice a recommended candidate stock CTCI. There are couple of good reasons to short this stock though its P/E is only 6. Firstly, the low P/E is generated its sale of its properties to its competators. Secondly, its forward P/E is around 27 and its technique is not new. Third, all of the directors and CEO, CFO are selling the stocks. Remember, all!.

The week before last week, there is a downgrade so the stock drops 7%. I cover it at that day. It then up, I shorted again. A short squizz then begins. The stock went up from 21 to 25 in five days with good volumes and every day gap up.
At the begining, I belive the stock is stupid and let me make this easy money. I shorted several times and find myself $69,000 under water. I lose $4000 in just couple of days. There is also one buyer saying the company would be bought out and the price might be doubled. I am worried and covered 500 shares. The week is just terrible. Every day I worried about the stocks while I see the insider selling continues and some of my shorty friends covered at 25$. Finally, just at the day after it closed at $25, the stock down 8% one day and then continue down in the following days. I think this short squizz is a good play. It made many shorts cover at high and when the stock price drops I covered some (though with good reward) but without squizz, I probablly will cover later.