Further to our yesterday’s comments, apparently the “reason” for the spontaneous combustion over the last few days is an analyst repost from a Swiss bank. Why people read these is not clear but the end result has been that this was the most active stock on the TSE for a few days in a row. Today the stock, not surprisingly is up almost 20% (to gat the same return you have to sit on your Gov. of Canada bond for seven years!
Counting this thing there is reason to believe that yesterdays low around $2 constitutes a major intermediate low if not THE low. The 5th wave is extended so a return to about $3.50 is a definite possibility.