SC , Shoppers

sc sept 2010

First recommended on July 2d as a sure buy at about $33, with a near certain minimum target of $38/39. Perhaps time to exit. It is entirely possible that the B in this A-B-C was a triangle in which case the stock can go a lot higher. Against that should be weighed the possibility that we are only completing a wave 4 of C and will soon make a new absolute low.(as shown in the labeling in the chart). When in doubt, get out! Take the 15% gain and keep an eye on this one, it would be a buy again if a new low is made.