First recommended on May 5th when the stock was trading slightly under $5. If you still own it I would sell. either for a trade or permanently depending on what it does next. The chart displays 4 or more reasons to do so now or very soon.
Year: 2010
AAPL Jan 11, 2010
This stock has performed exceptionally well the last year or so. However with Steve Job time on the job a little more precarious perhaps it is soon time to exit.
The stock appears to have had a thrust out of a triangle, is approaching a channel line and may have completed a 5 wave pattern over the past 5/10 years. The high to date was 213 and as the last little bit does not appear complete the stock could still climb to about 225/230. Not very material relative to the upmove.
CM Jan 11. 2011.
Last year the target for CM was slightly above where we are now, say around $78 or so. This is where a 5th wave diagonal started its trip down and that is a normal retracement level . Also it is in the 50 to 60% normal rebound level. We have done this so I would be a seller, especially since the much better run Royal has already almost retraced its entire drop.
The successful long CM short RY trades simple may not work anymore.
IVN Ivanhoe Jan 11 2010
Early last year we had a target of 12/14 dollars and , not surprisingly we have gone well beyond that. However it looks like a good sell right now.
This thing is very big so the ultimate high may be a lot higher, however for the next few months or more the downside is more likely.