Back in Sept. we suggested this stock would be a buy next time it hit a low at roughly $11. It got to $11.47 so you may have missed it. It should climb at least $5, most it has already done, and then it remains to be seen if this is it or that we are only completing wave 4 of C. Sell between $15/16.
Small caps pack that little extra punch in good times. Their growth capacity outweighs the lack of liquidity during sunny days but that usually changes when clouds start to form. For the past two years this one was comatose but has come back to life recently. At around 35 it might be a buy for those so inclined as the upside is huge. In many ways this looks like the HXD and the FAZ except that it 3x leveraged.
The Royal continues to not show its hand unambiguously. I still suspect that at least one other down leg is in the cards. The stock did not shoot up to about $52 as it would most certainly have done if the low was THE low. Also the intervening retracement was unusually deep, perhaps indicative of a triangle forming. All waves 2 shown are zig-zags, therefore it is likely , given alternation, that a wave 4 ,regardless of its degree, is a flat or triangle, sideways in other words. We will have to wait. Perhaps Slovakia’s rejection of the EFSF as the one and only out of 17 will get a ball rolling.
In our previous blog we advised that at the very least you stop yourself out at $100. If you did do that, you are now up 40%. This one is probable going further as there is no 5 wave sequence either from about $180 or from $140. This does not exclude a temporary bounce.