"1)" Yes you are; assuming "2)".."there is still a small chance that the top line data is not as good as expected" Yes there is a chance. "3)"...Hmmmm if they know the top line results are bad, then what difference would it make to wait until Tuesday? The stock would fall under $1 for an even longer duration. But who'd be suspicious?
"In spite of all the above fears, I am holding on to my position after having unloaded some above the $1.1 mark this week"
That's nice. How about waiting until the next significant news item before posting again?