pps is general informed public, imo. There are maybe 100-200 people who keep up with this stock daily. those people are in the know.
pps is not THE indicator. those that keep up with the daily movement are more informed than the john q. public and also we are dealing with big money(jpm) and MM.
I think there's no upward movement in PPS because there are yet another 2 weeks to cover. I remember a 'short report' the other week showing half of P's had been covered but the U's we're still 40 mil deep. That was the day I sold some U's to buy some P's I'll hold the P's I've currently got and may buy more if they take it down by the 20th.
"Something doesn't seem right" I don't trust Weasel, Gotcha and Mangle and Rosey is the 'poster boy' I REALLY don't trust him!