InvestorsHub Logo
Followers 2
Posts 84
Boards Moderated 0
Alias Born 03/23/2006

Re: value1008 post# 1008

Sunday, 04/04/2010 5:07:58 PM

Sunday, April 04, 2010 5:07:58 PM

Post# of 11651
Well said guys. Just throw in my 2 cents.

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.