Since our comments of March 5th earlier this year.this stock went right to the max and then dropped about 20%. It will drop quite a bit more! The very first EW target is at $40, which is where wave 5 , a diagonal (wedge), started and these should be retraced entirely. Beyond that $31 is the 62% retracement of the entire value of this stock at the peak (roughly $65). These are all normal levels but they can easily be exceeded. We all know the meaning of putting lipstick on a pig. Here it is a matter of keeping the pig behind the lipstick which, as any hog farmer will tell you, is near impossible.