Jeff,
Although you can see that the price may drive below 4 or even get to the mid 3's, I think it is prudent for those to keep some kind of core long position if they are still bullish especially if that position is large. What you said about selling over the next few days makes sense if this stock was more liquid, but it took me 20 days to get my core position or in reality an entire month especially without chasing the price.
I'd say if anyone is "in the money" to lock in profit right now, it would be a good opportunity to those that bought at the 2s or low 3s but just enough of the position so you can scale back in if so desired.
Disclosure: Sold 33% position but long hauling with the rest.