It seems you see the cup half empty, but I see it half full.. To me it appears sellers have started to dry up causing the flattening in PPS... Once we find a base that actually holds for a bit buyers will return...
People have been saying they want the PPS to go lower to grab more cheap shares, but how low is too low? We've come back 100% from the .40 high.. Anymore then that things start getting scary....
Lowest I want to see this go is .20 area, but if it falls to say .15 there will be VERY few shares in that area imo... For now .20 area seems to be holding, and finally the 60M chart is beginning to reach a bottom.. Not quite there yet, but by the end of the day we should be bottomed..