I have to be honest. I thought this would have plummeted faster. You got luck that the 200 sma has saved you so far at $1.63. Once the MM decides to do an intermarket sweep for $1.59 there will be nothing to catch this in free fall. It would suck for those invested long if this really fell because you know they will try to cash in that entire ATM before the Panel in early May.
anything is possible, however, with dilution fears gone for now and 2 catalysts coming up the first on 05/02 i think it moves higher, we could see a downdraft but the longer picture is up up up........
by this kind of volume, they can finish the ATM in a couple of weeks leaving plenty of time for the run up.
don't underestimate the appetite of the speculators. Don't you see the price of the 2 dollar call for April, May, and June. People generally expect a higher than 2.5 price for positive panel vote and approval.