No, thats not the reason why its up. Its because Jim Cramer declared it to be "the next Hansens" on Mad Money on Friday. Them appointing a VP has nothing to do with it. I may not have graduated to large position trader just yet, but I am also not the guy who hangs the bids/asks at the local bucket shop. There is a large gap below, a CNBC pumper shill, and then you have the price action struggling in the current range. I placed a bottle of soda on my memorial podium for Jesse Livermore. Jesse told me that the bald guy is up to no good and that he would short it right where it is now. I will watch and wait to see the price action, but I will slip in with my shorts. The bald headed guy's chant wont last for much longer.
I dont appreciate being told that the price action is because of one thing when its obviously because of Jim Cramer. You see me posting up these highly technical charts. Did you think I wasnt going to look at the news and just buy in to the current trend thinking it will grow amazingly? You should go talk to the guys who hang the bids/asks at the bucket shop. They may listen to this rubbish.
Interestingly enough, unlike most cramer recommendations this one didn't selloff immediatly following the gapup JDSA is at a daily high and it could move higher The time to short will be if they have a poor earnings.
No need to get pissed off, it's just the internet. You're missing a huge point though. The stock is up because of Cramer, most stocks do go up because of him. Whining about it is utterly pointless, you're a trader, deal with it and make money off of it. Cramer never said buy when the stock was at $12 after the correction, but a lot of institutions did. Then they posted a great quarter and noted there is a ton of room for growth. 35 million cans? Thats an insane amount of cans for a small company like Jones. They are putting their brand in Walmart, Kroger, Safeway, and a ton of other national brand grocery stores. That's pretty big, and thats why a lot of big money is jumping into the stock. Don't believe me? http://moneycentral.msn.com/investo...x?query=Institutional+Ownership+Up+Last+Month That should help. Of course the company is way overbought, and of course it will come down. They all do, but it will be temporary. The fact is this company is going to grow, and it's going to grow pretty fast. Frankly, I don't care if Jim Cramer talks up this stock or not, growth is growth. If Cramer keeps talking about it more people will probably go out and buy the soda. Fine with me. Instead of hating a stock because Cramer shoots it up, why don't you just learn how to make money off of it? I mean really, I've seen more people complain about Cramer than anywhere else and it's kind of funny. Hope this doesn't piss you off.
JSDA B.A.R.F. JSDA is entering B.A.R.F. mode. It has escaped its primary trend channel and moving up a secondary channel in a manic pattern. The ADX, OBV and A/D are showing signs of manic buying. I have made a few calculations, but its difficult to make an accurate price target when an equity is in a mania. It is my theory that the equity has skipped the next trend in the channel sequence and will probably top out in the 40s before it violates the secondary trend channel and heads for the primary. The B.A.R.F. is complete when the price violates the primary trend channel. The target will then be (price when it violates the primary)- (price when it had violated the secondary)-(price when it violates the primary)=target price. I will also post this up in my collection of charts in the technical analysis thread.
All I do is watch charts, I dont care about deals or anything else. The only thing that has told me the truth is the chart. All else is hype by touts.
Well I apologize for being an asshole. As of right now, you are correct. Jones is an over bloated pig and I hope it falls so I can buy it at a cheaper price. The fundies are great, the technicals suck.
bfft once the technicals suck good luck wit hthe fundies I still have HANS and TIE I bought from may 06 that are down due to blowoff tops and reversals.
This is a classic thread lol. 3/26/07 was a Monday. JSDA closed that week at $20. Three weeks later it hit $32. What happened to all these cats you were chatting with Stoney?