If by trading at 25% of where it was a while back you think it is doing well my hat is off to you. If by trading at a level 60% above where it bottomed out with 30% of the float being short I see your point.

IMO the fluctuation is merely a reflection of how the MM can make money. If they let it run a bit they sell calls and puts and draw some more retail shorts in where they think it has temproarily topped out. This last bounce topped out at $2.88 and bounced off the bottom at $2.07. We continue to be dead money until financing gets resolved (or doesn't). My guess is we bounce in the range mentioned until that happens. If you are trading it you can make some money with the ~40% range. The MM's always get cover from the spam sites and probably underwrite them to some degree so the press has been good/ bad at the right times.

There is also quite a bit of liquidity in the biotech sector with the recent surprising approvals for the fat pills by the FDA.

Yes I am cynical about the recent rise and fall of my shares. Meanwhile I continue to accumulate when it feels right.