Looks like you're in a short squeeze. This is more of a stock to play long after the classic pump and dump or pump and dilute. When is your expiration date? That's the game to play. Clearly, you hope to play around the quarters, but that gives others interesting options on the long side. I generally pay for the stock I hold by scaling out and taking profits to pay for half the shares I buy on the falling side. They are always short on cash, which makes the Beta tolerable and tradable. You know they'll dilute, and you know they'll dilute after "good news" bumps the stock. However, they may eventually win the drug lottery, so I do hold shares that were paid for by trades.