BLD, Ballard update

bld mar 26 2014

A day before it happened we warned that this stock was in for a drop after a little push higher. Precisely what it did. The drop turned out to be a little more violent than initially anticipated, whipping out about 50% of all previous gains. Presently we do not know if this is a wave 4 with new highs to come, or if we are still in the pull back that will become more complex. Either way we would stay out.