Cameco is following the expected path. at least to $45 or so (top of B in big A-B-C down) .Looks good as we have had a “break-out of sorts and should at the very least get 5-waves up in this latest upleg.
Month: June 2009
RET.A Reitmans June 10 update
First suggested on April 1 when it was at about $10.80 looking for a target of give or take $19. We are not there yet and would reduce the target to the level of the trend line, or about 15/15.50 simple because it may take too long and , furthermore we have achieved our proverbial 30%, which is at $14. It may go to the ultimate B-wave level of $19 but the market is a little too tricky to stick around with this kind of stock.
GS Goldman Sachs (Bank) June 5
Right at the low, before this blog came into existence , I argued that on the basis of this pattern, a very clear a-triangle b-c the stock should trade back to about the apex $150/$170. So far the stock has complied by playing along e-wave rules, from the lows it is up about 300%. Given the wedge-like upmove I would certainly get out here.
YLO.UN Yellow Pages
The Yellow Pages income fund is presently earning close to 15%, at present distribution levels. The stock looks like it has completed a triangle and might be in the process of doing the thrust down out of the triangle. It measures to about $3, 25 or so but I suspect that may just be a bit too low. It is worth keeping an eye on.