I think average daily volume is around 150K, so we're going to blow that number away. The $4.40 mark looked like resistance to me, but I've also got a bid in at what looks like the next level around $4.15.
OK, I'm seeing the details now - convert pays 5.25%, not a bad rate. Conversion to stock is pegged right around $6. My guess is that there may be some hedging involved in today's selling by potential convert buyers.