original poster said: "I am thinking of just selling and cutting my losses for tax purposes"
don't you think that has a lot to do with why it's $1.39 ? it's a little too late to join that crowd. Your best bet is to sell the stock, lock in the loss and convert into $1 strike calls, pick your month. That way you get a higher beta exposure (bang for your buck) with the same amt. of money..... and don't have to wait 30 days to buy back on a wash rule. I'm going to pick up some calls late this week. just want to make sure the end of the tax selling arrives. next week is the last one.