There's no doubt that it could go to 4c by sheer brute force. Hell I could put it there right now myself with a mere $20K or so worth of shares. But if you look at the chart there's a decent amount of support there so I expect the smart cookie that tries it wouldn't loose or gain much out of that kind of tactic.
I prefer to look at the bigger picture. As in why haven't we seen any of the directors sell despite the downturn? Wouldn't dwindling profits compel you to take some off the table? Or can't you sell because we are close to some kind of price sensitive announcement? Or are they waiting for much larger rewards that they know will come later in the year?
It's speculation of course but until we see a 3Y, my sentiment is following their money.
