The trading range is still very tight. It would be a suicidal move for someoone trying to short this stock at this point in time, so I personally don't see it happening. What we see is just a result of some investors throwing in towels, nothing more than that. Besides, overall market is not great lately, so some might simply sell PTK shares to cover their margin account balances. This will end soon. It always gets worse before it gets better.