Just look at the technical data, and pressure from big institutional short sellers will drive it down. It has been over 50 day moving average for almost 2 months and it is the time to take a dip down to mid $3 or $4 range.
Options expire Friday 10/16. My guess is the price will stay around the $6 dollar strike price until Option expiration, then stays flat with gradual drift higher. Simply cannot go much lower, real estate can only go down but for so long, just the nature of the beast.