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It depends on whether you believe management or the friendly bear. If you believe management you should hold until the shorts are all squeezed out, if not you shouldn't have bought in the first place.

I bought right after the earnings announcement (AH), and also earlier in the day at a higher price. I sold 500 shares at a nice profit and bought them back when the market dropped a bit. I'll sell the 500 again if the price goes up and will hold the other 700 until the friendly bear goes into hibernation. As you can see I'm hedging a bit. It's also significant that the latest FB article didn't move the market. It's also a bit suspicious that right after the strong earnings report, the FB found another alleged legal case involving yet another supposed whistle blower. A bit too fortuitous to be believable.

On the whole I tend to be optimistic about BOFI; I expect to see a short squeeze soon, or at least after the next strong earnings report.
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