Hi Sbear, thks for your view. Uh.. our views where got different? We are both bullish right?

I took my retracements from two points. One is taken from the lowest point $2.40 in Mar 07 to the highest point in Oct at $7.90. This gave me the 1st retracement of $3.70, just under the neckline of $3.80.

Then, I took a second retracement measurement from my point of purchase at $3.03 to the highest point at $7.90 again. That gave me the rest of my 4 targets.

At the end of the day, I feel that price of the stock was heavily discounted. I did a little research on my own on the company, and felt that it is possible for the price for Cosco to go up barring any unforeseen bad news. So I took the plunge lor. :) Having said that, I don't play margin, trade on borrowed money, am comfortable to hold for a while.

I think today's flat closing is just a slight pause, possibly pulling back a little before going up again.

All these just my honest opinion hor.. as you state, Caveat Emptor. :) Hope that everyone will earn.

 Paulcbc