I know that Tim teaches you to cut losses quickly and honestly I have before but this stock has got me in and I can't seem to get out. I am Short 1500 shares at 4.54 average and I can't add because etrade has no shares to short anymore so I must wait for the sec filing or PR that will eventually dilute the stock so the price will drop to levels that I can get out at. I started this trade predicting that they would come out with the dilution news on the 13th and when that didn't happen it spiked that day and I added to my position I could have got out on Tuesday the 17th with a little win but I wasn't happy with 10 cent gain and so began the short squeeze that we are in now. I know that this will eventually go back to trading around 3.50 but I am getting squeezed everyday and I think to go long and take some profit but I keep thinking that its not going to follow the same pattern as the last 4 days trading. Well today it actually went red for the first time and I thought about buying 1500 shares to somewhat protect myself and make a little money before this collapses but I got scared out and thought that I could loose even more money trying this technique. So I am down like 11K and this is such a good learning experience and it just sucks that I have to learn this on my own and I just didn't take the loss when it was small and manageable. So now I just wait everyday and watch this stock keep going up and up and know that eventually it will go down. Just sucks to feel this way and I am just writing this post because I can't tell anyone that I am down this much because I was doing so well and I let one trade get away from me. Hope this helps enforcing rule #1 cutting losses quickly I sure won't do this again. I haven't traded for a couple days because I am so fearful of this stock and its potential I know that within the next couple days they will have a PR but till then I will continue to hold and see... hopefully tomorrow will be a red day that would help out a lot.