Xide's situation and trading pattern reminds me of Suntech about two months ago. One of STP's primary operating subsidiary filed for bankruptcy and the stock tanked. I bought STP at $.46, it went down to $.36, languished there for awhile, ran to $1.00, back to $.60s, now it's back to $1.00.
Xide has better fundamentals than STP, so I think it's a waiting game at this point.