I was buying the .11s last week, and have been averaging down in the .07s recently. I think anything under .10 is an easy double IMO. I also think it goes higher though, but let's take things one step at a time. There is only around 15 million oustanding here, so eventually that float is going to dry up.
So far a little patience has paid off - they have been closing the spread some after a period of time. Either the bid slowly creeps up or the ask will slowly come down. I'd wait for that for a bit. Chartwise support has come up to .07 now.