RE: PMT heading up again From a trader's perspective, no one who bought PMT in the last year is out of money at the moment (give or take 5% or so). If we look at the volume we can fairly assume that a lot got offloaded on the way down. As a consequence we're looking at the few who have held on from November 2011 to be selling into the strength. If all this is purely psychologicially driven, we can expect that once this resitance is broken, and no bad news at least, that it'll run to 1.90 which is the chart target. Having said the I wouldn't be surprised to see it go through this easily. $2.35 though might be a problem.