The shorts must be in a lot of pain and starting to panic with the spike and huge call option positions being taken for April $2.00's
1.61 is a quadruple top break on the P & F closing charts, so this will cause a big spike once broken through on volume.
Yep, I wish I would have doubled down at 1.50 late, but maybe I'll load up more on a retrace to 1.52 if it gaps up like it appears it might. 1.55 AH's tells me shorts are getting a little panicky.
Too much question marks and the holders of the 1.875 2013 converts want the stock at 1.50 & as long as it is trading below at the time of change of control, then they have the right at that price.