If she bounces use it as an opportunity to get out of your long position. You can tell if it is a dead cat bounce by the dropping daily volume. Don't be fooled, there is no impetus for this stock to appreciate until next quarter earnings so we are looking at a long slow sell-off with lower lows and lower highs down to the low $2 area. Trust me, it will get there.
Low $2s you think? I was going to say I wouldn't be surprised to see it break below $3, but low $2s seems a bit much.
Since I missed playing gap down Friday last week I'm looking at playing the upswing into earnings with some $4 Jan calls. Maybe even the $3.5, but they are a bit pricey for me. Would like to find the resistant point prior to doing so though. Currently seems to be holding around $3.10-$3.15 for now.