I had been watching SGMO for past few weeks and thought I had nailed it. I shorted 1000 stocks on friday at 7.30 and later it started going up up up and today I really wanted to close it but it never came down and instead ended at 7.95. I feel so stupid. I'm not sure if I should take my losses tomorrow or wait. Unable to pull the trigger.
What was the reason for it go up today? Was it short squeeze? Any suggestions, please advice.
Thanks in advance