You can short stocks that have dropped more than 10% as long as you place your limit above the bid. Wasnt sure if you were aware of that.

Ahh okay, so that's the only limitation?

Yeah, so basically the price has to uptick when you sell the shares short. It is still a major limitation on shortselling, but it doesnt eliminate it entirely.

Nice post! very informative!

Definitely a good pattern

Catalyst was earnings + short squeeze. the multi day dip in price was likely due to a major capital firm selling out of the stock. remember the crow pattern from tim's dvds?