Ya gotta love this stock for hanging tough yesterday when Silver futures were getting savaged. Our 300-share position from 42.01, now hedged with three June 40-May 38 puts spreads legged on for a 0.50 credit, has barely been stressed by the action thus far. That said, we don’t want to get sandbagged if the stock falls a further $3 — which it could! — while we’re busy patting ourselves on the back. I’ve reproduced a chart alongside that shows the corrective pattern and its 34.17 target. I’ll mention as well that a rally would need to clear 38.66 today to somewhat mitigate the threat.