As far as exit, to me it depends on how the sp trends. A slow upward trend is good, but a spike up 300%-400% will drop back over 90% of the time. So if this were to open up at $1.50 tomorrow morning--depending on the news--I would sell some of my long term shares reducing my capital gains cost, probably enough to cover my initial cost and then ride the rest. But if we had a slow steady climb up to $1.50, my strategy would be different. I feel there is a good chance we end up with some breakthrough news that greats the gap-up here instead of the slow climb.

I remember nfusz trading at 5c, giving my strategy to recover some cost before the run. It really helped when it did run to $3 to have a strategy before hand. It is hard not to get emotional seeing your account jump by $10,000 per minute, so a plan before hand greatly helped.