Cramer was saying today that at the end of Aug. there were 166,000 in open interest contacts and that the shorts were at record numbers.
A lot of short covering going on according to him and his commodity adviser.
There are according to him still 66,000 shorts to be covered.
As for a current top, who knows, $6.15? or $10.00?
His words, not mine.
These short covering rallies never end well.
I'll keep my core position and add at a later date.