BB update

bb aug 9 2013

If you bought this, without thinking, as suggested you would be up a little more than 10%. Keep it for a little longer as the shorts in the US amount to 30.68% of the float. In Canada I do not have a number but on BNN they were talking about 40% total shorts. Furthermore there are now talks about this stock going private again. The combination of the two could produce some fireworks soon. From a pure EW standpoint, the a- triangle b- c correction is exactly that , a correction. This implies that the stock should trade above $18 some day in the not too distant future. This is a good risk/reward situation. Time will tell