Another way to look at it is that shorts are finally taking the stock seriously. The PO provided them the opportunity to cover their position when some of us thought that shorts will continue to double down. Surprise, surprise!

In my opinion this is a positive sign. They know the market better than most. 

I don't believe the longs are bailing out, some are trading shares for WT.A. That doesn't mean they are bailing. Management provided an opportunity and they took it. Leverage is the name of the game in the market. When it's there you take advantage of it, with very little hesitation or you get left behind.

Now it's time to stop looking back.

Koo