$ATA Ahh... what an ordeal ...
DYOR is absolutely crucial ... In my haste, I shorted $ATA at .231 two days ago ... I normally wouldn't have done that without looking at the overall picture more thoroughly - I saw someone else's post on square for "short now" and FOMO kicked in, otherwise I would've observed, waited and shorted much higher. And then the price went up past .25, which was worrying, but fortunately I held on based on my megre analysis.
Anyway, having shorted at .231, I chose a safe and reasonable .218 for the buyback. Finally reached it in two days so I walked away unscathed ... this time. It bounced back up from .217 and, till this posting, has remained well above my target buyback which would have been even more worrying.
Really need to be careful ...