Early day trading at least double what we usually see by this time of day but not extraordinary. The big question is what are the late day traders who have been the source of most of the higher volume trading seen each day in the stock going to do? Will they take advantage of the drop to near the $0.60 support level built from early June through mid July before the move to 0.90 area to pick up new positions or if they were sellers in the high 80's buy back the shares they sold.? Will the breakdown in the general market kind of cool off the speculative market action in general?
I lean toward the school of wait and see in these economic times. Especially since it's most unlikely that we will not be seeing any meaningful realeases from Jones Soda before October. Michigan puff pieces do not qualify as meaningful.
For now only the brave and financially able should be holding their long positions. Here I do qualify and will wait until Fall to see what they have accomplished in eeting their goals for the new program.