SU , Suncor, update

su occt 26 2011

We were a little early in recommending this stock (also PBN, Petrobakken). by saying that it was a buy under $30. As it went all the way to $24 that was not all that precise, but the position is nevertheless in-the-money by almost $3. $36 is near the 50% level and also where c=a in what appears to be a corrective rebound ( the wave count is questionable on the downside) . It has a few more dollars to go but we would be satisfied with a 10% gain!