Wild swings in PPS are continuing this week, with up and down trades are back and forth between $1.25 and $1.49 as of this moment. 

Why so broad?  I certainly don't know, but it suggests that some want in at just about any price, while others want out at whatever price they can get (at leash while prices remain above recent lows). Of course, there is a much different market psychology at play here now than would be suggested by a narrower range in bid and ask prices.  In any case, we are witnessing something removed from "normal."

This certainly sparks interest in watching the trading activity, and probably as much be by swing traders as anyone else.

I think that the closing price on the week will be a more important indicator of future action than these daily swings, but that is just personal speculation.