I think we will get some news before it reaches $1.50 and it would take more than a couple of days to drop by 40 cents. Don't forget I am sitting with my two bucks, and perhaps a few others are also, to buy some more shares at the even more ridiculous prices.

I am hoping it will drop to 1.80 range for me to bite, that is how low I am willing to gamble for. I say that because I hope that is the price it will go down to before news arrives. $1.50 is too low for me to wait because I think news is likely to arrive before that and I would miss the opportunity to aquire some more for short term trading.