BB update

bb aug 9 2013

If you bought this, without thinking, as suggested you would be up a little more than 10%. Keep it for a little longer as the shorts in the US amount to 30.68% of the float. In Canada I do not have a number but on BNN they were talking about 40% total shorts. Furthermore there are now talks about this stock going private again. The combination of the two could produce some fireworks soon. From a pure EW standpoint, the a- triangle b- c correction is exactly that , a correction. This implies that the stock should trade above $18 some day in the not too distant future. This is a good risk/reward situation. Time will tell

AVL , Rare Metals update

avl aug 8 2013 bavl aug 8 2013 s

When you get this close to zero it becomes increasingly more difficult to say that the low is in. However the move down (on a log-scale chart) looks a lot more like an a-b-c correction than anything else. Also since the time spent moving down is precisely equal to the time spent going up, they are vector equal but in opposite directions, we are inclined to believe that the low is now in. A break of the trend line would certainly be very helpful.