As FJ mentioned, the fact Sheldon did not sell PTK shares to excercise his warrants is a very bulllish sign. It means he wants to maximize his exposure to PTK and that likely something is brewing in the short term.
I think it is the right time for a NR for various reasons.
It is better to bounce off from here than retrace from .80 cents. i would not want to be short here....as someone mentioned...coiled spring.
Let's hope a monumental Janaury is in play, starting next week.
GLTA.