15 minute chart looks good
Although this is definitely bearish on the daily, and weekly charts I see some bullish momentum on the 15 minute chart. This is encouraging ... although I agree I don't think we will see more than a 20 - 30 % from $3.40.
Unfortunately, the big moves will be made after the earnings release ... and even that will be short lived as they have to pay out in december for some drug.
I think everyone agrees this is a decent short term trade, and a speculative long term trade. It's just the long end that no one really has a clue about