Could go lower. But this fast of a drop indicates real capitulation also, imho. EOY tax selling, combined with short covering are two likely culprits. I wouldn't sweat the $0.08 entry price. In a few (days, weeks or months?) you could be the envy of the board. lol
Volume died around lunch time, let's see what happens in the day's trading remainder. IMHO this stock is a flaming buy right now. But you can also cut the discouragement around here with a butter knife.