Think about how many ticks $1.00 is. It's 998 ticks from where the stock closed on Friday. That's a huge move that takes time and catalysts to achieve. Sure it's in the realm of possibility, but if you buy this and expect it to go to a buck anytime soon I'd venture to say you'll probably be disappointed. IMO. Some stocks are trading stocks and some are holding stocks. This one appears to me to be a trading stock. Get in, make a small move, and get out. That's how I'm playing this one. Don't base your trades on my advise though. Trade it as you see it.
A smart person learns from their mistakes. But a wise person learns from others mistakes.
Everything I say here is "in my opinion", even if I don't state that in my posts.
If you follow me into a trade be aware, I HAVE NO GPS!