RE: Bottom in? I agree, looks like good support at these levels even on a major down market day. I believe the selling was over done and there should be a bounce in the $1.90s range.
Keep in mind that there is always a chance of an opportunistic hostile offer at these levels. If there were bids in the $3.00 range earlier, there could be a hostile offer in the same range or lower, and the current stock price makes it even more compelling IMHO