I agree with everything you said in your last post.
In September and early October, the ending of QP's and earnings releases were indeed driving stocks higher going into the news and even after the news. I noticed, however, that when the earnings season began to wind down, that market psychology trend reversed. Expectations had been driven so high that just meeting or slightly exceeding earnings, or just getting "buy" recommendations after the QP was causing stocks to drop. Just look at Crossroads (CRDS), an IPO in a similar sector to JNIC. This thing has been sick since its QP ended.
I am hopeful, however, that unlike CRDS, JNIC will come out with some positive news that will move us higher. Then I think everything will materialize as you indicated.
i owned crds at 66- twice. did what i should've done w/ this one: traded it. this is what happens when we fall in love w/ a stock and get away from trading. expectations are built and not met. i think we need to either commit to trading or commit to lt buy and hold. i've done really well daytrading this year and have gotten away from my own strategy w/ this one by holding. i think split plays are better on good co's like cmtn, exds, etc... better stategy/solid stock support/good news/ = profits.
What are your thoughts on trading it now? They report earnings on Thurs 12/2. They issued a PR report last week announcing their conference call. I thought that might mean they have good news to report (the fact that they are bringing attention to their report).
It has dropped quite a bit recently, including today. I was thinking about getting in if I can do so at $68 to $70 (which means it would still have to drop a bit more) and then hope for an earnings runup and/or positive report. Any thoughts?