I think the traders/sellers will "throw" another million shares at this today. I don't think the retail buyers can support the share price above $4.00. They'll try taking out the stops and force the margin buyers to sell. Just my opinion.
There is not much margin stock being held. Most of the stock held on margin was called after the large crash. Since then, because the stock is below 5, very few can even buy it on margin. You may be able to buy it in a margin account, but the broker dealers will not give you leverage.
This is a stock that is still trying to consolidate after a horrible shake out. The buyers in the low 3's were traders buying the bounce. the move up brought in the mo-mo players who don't really hold. Now, the reality that this stock is not going to be at 7 or 8 in a couple of weeks has set in. The mo-mo crowd is moving out. the horrible market conditions don't help any.
This is a stock that will move on news or the approach of expected news. It's not going to jump just because of the wash period ending or anything of the like. If one patiently sits on the stock and the thesis that the FDA overdid it again proves to be true, the stock will move back up to the 8 to 12 range in the next 6 to 12 mos. It's all going to be news driven. Smart money will be in and waiting, knowing that all the other stuff going on is just noise.