I think I should just give up on calling any short term movements!
Looked like a few cashed in early yesterday. Announcement(s) now imminent, hence the support and buyer interest remains - IMO. I'd say yesterdays movement was just a temporary set-back.
Two observations;
1. Yesterdays VWAP was ~14.5cents, compared to 13.5cents close.
2. I have also noted that over the past month, that there has generally been strong buying support for PLA on otherwise negative market days. Which suggests to me that someone has been accumulating the stock on market weakness.
Gus
PLA Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held