One has to look at fundamentals as well as technicals. Fundamentally, the picture has changed over the past few months (I believe there is progress being made and Guy has gone silent among other things). Thus I look at trading patterns since that change.

Look at the daily chart over the last 6 months. (I would post one if I knew how, but try this one)

http://stockcharts.com/h-sc/ui?c=ple.v

11 cents (ish) is where the accumulators want to start buying. In mid October 11 cents was where volume buying came in - after a knock down to that price. Happened again the 1st of November. Why should now be any different? If anything, it is probable based on recent trading patterns that we are close to some significant buying coming in.

Only a break below 10 on volume would signal some serious concern.

Relax and if you are so inclined and have extra cash - accumulate some more - if you dare.

Regards,

PA