Yes entirely possible with a shift in market sentiment and an...

Yes entirely possible with a shift in market sentiment and an announcement along with instos, sheep and shorters taking their positions.
If the graph is anything to go by we might bounce and spike to $2.10 - $2.20 (I'm purely speculating) and if it breaks out upwards from that then maybe just maybe it'll hit that $2.50 mark, but I'd be watching very closely for the downturn.
Historically its spiked then retraced, I'd expect the same behaviour in the short term. Hey I'm new to this... But it sure as hell is making me think about taking a semi short term position (as in part long, part short) to see some quick gains.
Hopefully the media coverage today will kickstart a rally.