MFC big trouble ahead?

MFC june 2011

This was our canary-in-the-mine stock and we got out a while ago around $19 or so. So far the little bird has not regained its composure and things could get ugly quite rapidly All waves since the lows of March ‘09 appear to be 3-wave affaires indicative of a triangle (potentially at least). If that is the case, the stock will be pulverized. The triangle measures conservatively $15 at the mouth. Now suppose the e-wave of the triangle were to start at around $16/$17 , then the target would be $2 at best! Before that does happen arrangements will be made for a merger or take-over. After all , the address on Bloor street with its immaculately  kept lawn is probable a prize asset for any predator.