There is another strategy that will make you some money; I have read of others here doing this in the past.  When I saw how the price had jumped on May 28 (ending at $1.55), I used the following process (it only worked on June 1):

1. Pick a number of shares to sell that you think has a reasonable chance of being bought.
2. Put in a sell order at $.06 to $.10 above the previous close / sale.
3. If that order is filled, go to step 2; if not, go to Step 4.
4. Wait 2/4/6 weeks for the price to fall back to $1.00.
5. Buy back the shares you sold.

I have been a shareholder for over ten years but was always scared to try this for fear the stock price would continue to rise.  Now that I know the stock price will always return to its former low point, I am not so skittish.  I did the same thing back before the reverse split when the price went from (roughly) $.0030s to $.0090s.

You have to look for any valid reason the stock price may have gone up, but as long as there is no real news, it is a safe approach.