When MGLG shot up on this current run, it gapped straight over .0009 - .001, so he is saying that the PPS will return to the levels it flew past before advancing further up.
There's a gap at .0009 and .001 from the close on the 10th and opening on the 11th. I know it's only 1 tick, but in my experience, it doesn't matter, which is why I can't stand gaps. I sold a large percentage of my shares this morning (but not all) and hope to double up soon. GLTA