Orf - you know better. You've been around here a long time. The post below about shorting this stock is true and there is a way to play the game. I've been doing it for years. If you hang around long enough, you'll see how this stock trends up and down. Because it is an inexpensive stock, it's easy to make big gains going long or short. I prefer to go long. I always keep a few shares that I hold long in case we actually get something approved, but I always trade a few thousand shares at a time. It's simple. Buy under two bucks and sell over two bucks. Fifty cents profit on a few thousand shares adds up quickly. Sometimes it's more. Taxes are a nightmare, but it's worth the hassle.
Right now, and for some time to come, $2.30 is a high for this stock and a good time to sell. It will be another trading cycle before you see 2.30 again, so hang on to your shares. Add more at 1.70 or less then wait for 2.30 and you'll make up for your loss at 2.30. This is a heavily day traded, manipulated stock.