R took it’s time to get to the ideal target of $1.50 (actually it is $1.30 as that is the base of the wedge) . If you did already buy it there is no problem but if you have not this is again a good time. Look for $2.50 before the year is out , perhaps higher.

See earlier comments on this stock. The stock has behaved precisely as expected as pictured again in this schematic and stylized chart. It is just shy of the ideal low of $1.50 but so often in this market stocks turn before they get there. The pattern above, for those that are interested, is most probable an a-b-c X a-b-c wave 2 retracing about 50% of the entire rise from zero, and falling right back to the wave 4 level of previous degree. The pattern is symmetric in every detail (use the mirror, green line and invert the image) which adds confidence and credibility to the view that this one is ready to resume its upward trend. For the sake of 10cts it is not worth waiting. The first target would be $2.21 to close the gap and then  $2.60.  This latter target would be reasonable even in a continuing bear market. By the way, a nice Fibo ratio would develop if it did this. Suppose you buy at $1.62 and make $1 when selling at $2.62 you would have a gain of 62%, all are Fibo numbers.

Speaking of missing the boat, targets on this stock may just be a little too low. It has completed the necessary structure and consequently may not reach the “normal” lows. Patients is always in short supply but you can do your own math to see if it is worth jumping the gun. Once this one bottoms it should rebound to $2.50, but buying at $1.70 instead of $1.40 makes a great deal of difference in your return.

So this company is doing a little alchemy of its own, regurgitating old gold tailings in the US of A. They made it to #1 position in “emerging” stocks in 2010, are having a few problems with the EPA (environmental protection agency) , had their stock halted etc.etc. Very, very speculative that is certain. But the wave count is classic and perfect. It has completed Wave 1 up and is now doing 2 down. Wave 2 should complete either at $1.50, $1.37 or $1.25 respectively wave 4 and c = b, 62% retracement and wave 4 of 3. Once complete the stock should rise back to the  $2.60 level, more or less as a minimum. It could, for all I know go much higher but I am only interested in a quick return of close to 100%. The stock hit a low of $1,80 today so pick your number and put in the buy order in advance, the lower you go the larger the return but also the bigger the chance of not getting it at all, which, needless to say equals a return of zero!