ELD, Eldorado update

Then  (Sept. 2012) and now;

eld sept 2012eld june 21 2013

The target then, calculated on the basis of equality between the A and C legs worked out to , roughly, $5. The low, so far, is $6.23. We caught the high of the B-wave precisely to the tick (see previous blogs) so there is no reason to tempt the Gods for an encore. Suffice it that somewhere around here or a little lower, this low cost producer is a more attractive buy than at $22. By the way, $4 is roughly the low point in a 4th wave of previous degree.