Another thing to keep in mind: smart traders are keeping very tight trailing stops. On a slow trading day, all it takes is a few small trades to drop the price just enough to trigger a bunch of this stops & start a cascade-effect of automatic selling. Think of it as an opportunity to pick up additional shares on the cheap.
Relax. Wouldn't you be taking a little profit if purchased in the 50-cent area? Spiked down $1.06 then immediately popped back up to $1.18. Look at Yahoo daily chart & note volume on upside almost as robust as volume on the downside. Someone was snapping up shares in the $1.06 area. Stocks don't move up exponentially like this for long. Better to see some healthy selling / consolidation / base-building as preparation for the next leg up. Gotta be patient.