At no stage during the decline has PEM's price been able to...

At no stage during the decline has PEM's price been able to rally above the high made 3 days previous.

On the 30th of April it was able to match the high made 3 days previous at $1.10

Before talk of a bottom is even suggested the stock price must break $0.72

Also the stock has not managed to rally for more then one day.

As it stands its just a general correction and for anyone who wishes is a safe short with a stop at $0.72. If it closed up tommorow you would consider covering.

If it does break $0.72 then it must retrace near the low alread made ON MUCH LESS THEN 3M VOLUME/DAY.

If it does this then it would be a indication that short term liquidation is over and a SHORT term bottom is in place.