Once again, I'd be lying if I said I had a clue why it is going up right now. Personally, I doubt if it is because of impending news. Often these runs simply take on a life of their own.
Right now, I think the MM NITE will continue to push this up over .01, but no clue how far over. Typically, if the run is not based on news, I would expect, as it crosses the .01 line, to see the spread increase from .0001 (where it is now) to .0005 or even .001. When that happens the rate of increase will accelerate, but the volume will begin to decrease and get choppy. It might top out at .014/.015 or so. It might decline back to the .01 area very quickly after that.
I own a small piece, but if NITE is still strong on the bid Monday morning, I will probably buy a lot with the intention of selling around .012/.013 or so. News on the stock would change my whole outlook, of course.
This is all IMHO speculation, of course.
