I don't watch Cramer hardly ever, or the biz news for that matter, but when I do, I look at the charts of his picks. He's always recommends them as they are just about to complete an AB=CD up. He pretends like he doesn't understand technical analysis and the concept of timing the buy. He is clearly a liar. There is a special place reserved for that boy in the afterlife.
I believe the shorts have been covering all the way down from $12. The covering has hit critical mass imo; they are running out of sellers, ergo the Street article this morning, bought and paid for by one of the biggest shorts. There are likely a lot of dumb-money shorts in there now screwing up the game plan.
We are above the daily pviot, 7.95, bovine territory, and outperforming the S&P. Bully!