I think you are on the money mitis with regard to traders crystalising losses prior to June 30th, especially if positions were entered above 80 cents...I feel that may keep us in the low 50's range for a bit longer while this group of holders take action.
However given that we are expecting positive catalysts heading into June, I think traders will be jumping back on late May (those who have sold and still like the story)... Plus when you add brand new money that want to play any upside surprise from the Fed approval (if they come), POK could move quite nicely during early June. Lets hope back to $1.50 in a blink of an eye!
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