I share your feelings :)
The thing with DNDN is, if it starts going up, there is ABSOLUTELY no stopping it. New longs, short covering, fundamentals, the tantalizing thoughts of "will it be bought and by whom and for how much", all of this and more will come together to create a perfect storm.
Sentiment: Strong Buy
I agree with you there. DNDN was probably the most dramatic of the startup biotech rags to riches to rags story, and it will likely be the most dramatic in its rise once it begins. The bandwagon effect will be stronger with DNDN than any other stock, and the 58M short shares will add jet fuel to the fire. That said, that has yet to begin (if at all), it's just that the slightest bit of green gets SHs excited these days.