NITE was obviously the ones who were on the offer at .38 cents for the past year...look at them today, outright scrambling...they HAVE to keep it under a dollar or else, in fact they want to keep it under .50 cents to likely..
the bulk of their shorts were under .50 ...nite assumed this was a write off deal...now nite has averaged up....if it goes over a dollar, nite's margin requirements will be way higher...nites goal is to keep it under .50 cents.
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