Sunday, April 04, 2010 5:07:58 PM
I am a long term value player, so usually I will take profit only when the share price hits my target fair price.
Same time, I will take profit if stock price up a lot in very short term, like Jada case.
About Jada, I sold about 16% my position at .9 last Friday, I bot at high 30 cents. In my original plan, I would sell more, not my core shares though. But after rethink about it this weekend, I decide to hold all my left shares and will buy more if there is a correction.
we all know in last two weeks jada up nearly 300%.
One unique thing is the 3 highest vols were at .75 to .9 range. We know many guys took profit at this range. Who is the buyer? I doubt they are small fishes like me. Do they know something we small fishes do not know. I think so, since they are basically crying "sell to me, whatever price I will take it".
Jada is sitting on a Jade mountain. 1 buck is far below its fair value. Same time, Jada is a young company. It needs time to be mature. Long term, it will have a great future.
Short term, vols are telling me we may have some surprise ahead.
Just my 2 cents, enjoy weekend.
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