If I was planning a huge Bear raid, i would inflate and pump the PPS going into the conference (like last November) and then slam it down regardless of data.
This is not happening at the moment. The PPS is relatively stable and not over valued by any measure.
What about fantastic data, big boys start to buy, retail wakes up and will go on buying. Missling will anounce a partner for PH3 and tutes will accelerate in buying. Shorts in a hurry to cover, Shortsqeeze.