TA, TransAlta, annual check

A year ago, June 22nd, 2012 this was the “big picture” for TA;

ta junl 22,2012

The low was expected to come in at around $14 to $12, after a 5th wave was complete. We got the low more or less right but not the count, perhaps.

ta jul 23 2013ta jul 23 2013 s

In terms of the lows the difference is not large, in time it is, almost a year. Now we would prefer the whole move to be a single 5 wave sequence. The 5th wave itself is expanding diagonal as discussed in the context of TRQ. Incidentally, under both counts the target is about $16+, so if you are still long, enjoy it. The yield alone is above 7% per annum.