Still expect a drop to somewhat lower levels around $10 (4th 0f previous degree and just a little over 2/3). A wild guess right now suggest an A – triangle B – C correction is forming.

We are up 3 to 4 dollars from our last blog and are therefore inclined to sell. This is a handsome profit that should be taken regardless of where the stock may go in the future (that is a sell!). We have no idea at this point. The correction may not be over yet so we could fall back to the $11/$12 level quite easily. On the other hand $30 is not at all out of the question. We would prefer to wait for a little more clarity before taking another stab at this. A name change is not always easy to absorb No doubt you are supposed to forget the past and look only into the future. EW needs a past to determine the future, so it is not the most appropriate methodology to use under these circumstances.