More fuel for a rebound A holiday Monday with the Canadian markets closed gives me time to review my holdings. I wrote on July 27th that I believed AC.B was about to take off. The stock opened that day at $ 1.07 and now sits a week later at $1.16. So far so good but nothing to make me rich. As I review the charts, AC.B tested its 200 day moving average on July 25th and has since had what appears to be a breakthrough. It now sits comfortably above its 50, 100 and 200 day moving averages and shouldn't hit resistance until about $ 1.40. With the quarterly report due out August 8th, any avoidance of a disappointment would be positive. Hopefully the government will chip in soon with a pension shortfall moratorium. And as I have indicated on other bullboards, there is evidence an overall market rebound is in the works, though until I see a confirmation this could be wishful thinking on my behalf. At any rate I am comfortable owning this stock at this time. I made my last purchase at $ .86 applying dollar cost averaging which now sits at $ 1.23. Almost breakeven on a stock that was killing me a few months ago.