RE: anyone else think....The reaction did seem a bit over the top which is why it's settling down now.
They announced their search for a partner awhile ago so no doubt they are talking with one or several potential partners/buyers. I think a partnering announcement could see this go to the $6.50-$7 range.
A takeover probably in the $8 - $10 range.
Was very tempted to sell today but decided that the chances of this going higher were far better than the chances of it going lower so I don't see any downside to being a bit more patient.
Lots of price affecting news to come so hopefully this finds a new level in the upper $5 range and moves up from there.