bottom pickers paradise or sinking ship?

POH closed today at 8.3c, the swing low of Aug 30 2013. Chart is looking ominous to me. It has now broken immediate support lines at 8.7c and 8.5c. Any 01 cent lower close next week and support is technically busted. Next support at 2010 lows of .6c and the back to the 2008 lows of .5c

Chart looks nasty in all time frames to me. Bottom pickers may well look to buy here as the chart can be legitimately construed as at a bottom support swing low. Buyers can also factor in all the blue sky ahead when POH gets a deal.

For me, the nearest good news may well be the results of the Phase 2 Acne trial. My understanding is that will 3 months away. That's a long time and coupled with tax selling doldrums ahead does not bode well for me. Why rush in when there may well be another cap raise later this year when the prices are even lower.

Having said all that, I am certainly not selling, heck even if I wanted to there is not enough volume on the buy side to absorb my full holding!