Market valuation of LBSR based on strong fundamentals has not been considered by this TA. That is what will be driving LBSR PPS to a dollar.
Anything under a dollar is a penny stock - OTCBB, NASDAQ or AMEX. Remember CTIC, it ran from .04cents all the way to $1.75 just on speculation. LBSR has solid fundamentals and since 2008, the PPS was walked down from the dollar range to the sub-penny levels. Most TA's do not go deep into the fundamentals. I don't think the general penny stock rule applies for LBSR. I would always consider TA and FA.
LBSR is a special breed on its own and should hit 500Million market cap in a few months due to the asset valuation.
ALL IMHO.