S, Sherritt Int.

s jan 2012

This stock worked well for us before, we simple have not looked at it unfortunately. The low in October at about $4 is the end of a 5 wave sequence that eroded almost 60% of the value, an obvious buy at that level. From that low the stock has been doing an a-b-c counter-trend rebound. The b in this case is a triangle. Unlike a 4th wave triangle this is sort of the pause that refreshes. The stock should now go to about $6.75