Covered my short at 515. Will wait for the dust to settle, possible above 600 to reinitiate.
There are just too many bearish/short posters, tweeters, analysts, bloggers now, and they all appear to be retail guys. The short trade seems way too crowded now, versus just 1-2 months ago when the shorts were the "smart" money. Now they appear to be the "dumb" money.