DR.un update

July 6th we mentioned this company as an intermediate buy at around $8. It got to about $8.36 or so and given the indicated target at that time of $9.50 perhaps it was bought. Today that trajectory seems to be panning out quite well, here is the chart;

DR.un aug 2010

Around $9.50 would be a good exit point as that is a 50% retracement. The =a , and the 61.8% retracement levels are at about $9.75. After that the stock could dive again so keep a running stop.