PLS - Chart Update, page-45

I agree. I would not be surprised to see retrace down some more tomorrow, so I may yet regret the early buy back. It all depends on how fast the ML comes through - which is precisely where we were last week. There is still too much uncertainty in this stock to hold for the medium term, long term (year plus) probably fine, but safer to trade it for the medium term I suspect. The big unknown is what it will do during the seven year/presidential first year market decline which normally hits in july/aug - and is due this year. My guess is it will retrace heavily and then recover steadily as long as they have all finance in place and a clear start-up date. If no finance this could be a black hole. This news should make that less likely.