Looks to have some support at $1.17 after being sold down in the first hour. Over the past few months someone has been buying this up at around $1.30 and judging by those volumes and the volume yesterday and today its not them selling. I would not be surprised if this rises back to $1.30 over the next few days just as it did last time it was sold down about 3 weeks ago. Looks to be about right for a take over I believe.