JSDA is trading near it's 2 year highs and looks to be on the verge of making a stab at it's 5 year high mark.. and is trading above virtually all of it's moving averages. Short term moving averages, long term, 50, 100, 200 MAs.. heck it just broke above it's 50 MONTH moving average and 200 WEEK moving average. If that's not a sign to you that the bulls have stomped out a bottom on that long term downtrend and are in position to completely bust this one out, then I don't know what you're looking for.
I'm not saying anyone needs to learn the same lesson that I've had to learn in the past, but I'll share anyways. Trading and investing are all about coming up with educated guesses about where to put your money, and having conviction in your guess/bets is essential, but at the same time you need to know and be aware when you're being proven very wrong. Throw your ego out the window or pay dearly, trust me I know. Bears, at what point do you admit you guessed wrong?
When factoring in your fundamental analysis, you have to factor in the price action as well. JSDA had been downtrending since 07 and was severely beat down, and that's one of the reasons I started following it under .30. Any bearish argument at this stage needs to factor in that the bears have been pricing in their argument since 07, so you need to assume that there's still reason for it to sell off. The longer it sells off, the harder it is for it to keep suppressing the price, and with conditions overbought enough all it takes is a glimmer of hope and speculation to get things churning. Go to StockTwits, Twitter, or do a quick google search and you'll see that there are more and more people starting to take notice of the potential turnaround here. If nothing else there's enough reason to speculate and the risk to reward is more than inviting enough to lure in lots of potential investors.
I mean no disrespect unlike some posters here, but I honestly can't see how the bears can hold steady in spite of the bullish price action all year and the horrible R2R of being short.