I posted way back in February that this would hit a quarter and then bounce back to .50 cents. It was an easy double. If you are greedy you'll wait until earnings, you might take a beating. JSDA has never provided the type of good news that would cause this to really pop. If they increase revenues, and show a penny profit, then the longs here might have something to crow about. Until then, it's back to .30 cents on Friday.
Its healthy to see a contrarian position given the recent bullishness on this board. I give you credit for your prediction (down to a quarter then up to 50 cents). Whether it falls upon earnings or continues uptrend is anyone's guess. Personally I like the charts which show a long term bottom, rise above 200 d MA (hasnt happened in a while) and huge volume. Its hard to find low priced stocks with this type of liquidity. I was pleasantly surpised at how easily 50 cents resistance gave way. I also like JC's approach to cost controls and growth. I plan to be here a long time as I continue to believe we are only in the first inning.
and so, are you greedy, or are you selling everything by Friday?
I've learned all to often that just when you get to the point of complacency, having figured out just the way things will play out and how the stock moves, is exactly when it doesn't happen like that and you lose.
The tone of the earnings announcement/call is going to be extremely positive focusing on the accomplishments during the quarter and how things continue moving in the right direction. If there is a revenue increase or a profit is not terribly important at this point, just continued improvement - and we are definitely going to get that.
Stock is not going back to 30 cents on Friday regardless.
I can't help but notice that I got 2 thumbs down for my original comments. This company has a lot happening the next 2 weeks, not only q-1 results, but also the company annual meeting. It will be interesting. I'd like to wish all here good luck the next few days, cause it's anyones guess. That being said, the market almost never gets it wrong, and a 100% gain in just a few weeks, is impressive.