OTC, Open Text.

June 2nd this was a sure sell at $65 . It had taken years to get out of a range and broke out at about $52, than it appeared to have completed either a simple 5 wave rise, or a wedge. This chart shows the wedge;

otc aug 2011

Earnings must have come out or something of that nature..in any case the stock is now down about 18%, half of it today. The immediate target , of course, is $35 0r $27.5, the base of the wedge. The only interesting thing about this stock is that there was a gap on the way up, and one on the way down. This leaves an island behind and chances are very slim, at least in the foreseeable future that you will see those levels again. The break of the trend-line at around $60 provided a good warning.