Yep, UBS was shorting, their notices revealed daily selling and buying.
$2 to $3 is the target looks like, an easy 50% move if it happens.
The shorts of 9% will have to cover soon as we get near the $2.30-2.50 level as their margin evaporates.
Dont bet against the NP right now in a bullish rerate.
Burn them shorters BURN!
Ann: Ceasing to be a substantial holder, page-12
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