PMCL - Update

Once RBCM left the ask yesterday morning it has been clear sailing for PMCL. The one thing I pick up from watching trading today is that most of the MM's on the ask are institutional. NITE, UBSS, HILL, SSGI - they all are scooping up sells which means, at least in my opinion, that they are covering their short positions.
The latest PMCL Press Release stated that the symbol change would occur in a matter of days. MM's are still likely covering for a profit. Remember the last run we picked here PMCL went from the low $.02's to the high $.05's. Still room for MM's to cover, which is why the stock is hovering in the low $.03's. Look for another run near the EOD.
I am not going to go out on a limb as far as how high PMCL will go. But we've already run over 200% so there might be a pull back. But I am thinking MM's will use the pull back to cover. This might run until RBCM stops it and right now RBCM is at $.10!