I'm no genius but if big boys had millions of shorts at say $2.00 and ended up having to cover for say an average of $5.00...that is a $3 loss per share............now if they get in on the upside for say an average of $6.50 they need to ride it to $9.50 just to break even........but .they don't want to just break even. My guess is they do all in their power to realize a significant gain....say $5 or more.....which takes us up at least to $14.50 or more.......from there your guess is as good as mine....then I guess they start the game all over again.....just a guess.
I've no proof, but here is the hunch: the float is getting transferred into strong hands in a major way now... when it hits $7.25 or so, expect some hedgy/hancho big-boy (likes of Carl Icahn etc.) to arrive on the scene and declare that "He established a stake in NOK now"! The pps then zooms past 8 shortly thereafter ... that's how it generally goes ... seen it zillions times!