TRE (see last years blog)

TRE june 2011

In May of last year we thought this one was ripe for a turn. QE2 was still to come and sort of “postponed” the event. It even managed to double top at $26 (only $4 above our sell). Now it is going south with a vengeance. A bounce should be forthcoming soon but ultimately the previous analysis still holds. A hedge fund by the name of Muddy Waters did just that by claiming the company is a fraud and should sink to a single dollar.