I owned a considerable position in JADA earlier this year, sold off in April at $1 and prices slightly lower and with a few as low as 56 cents but well positioned for gains nevertheless. There is always opportunity for gains in anything traded. There's also ample risk, expecially when it comes to stocks so obviously manipulated as is this one. And the worst is seeing your cash sitting without meaningful movement, knowing that in a smarter play...things would be showing at least some signs of growth potential.
HDY was shaping up as a clear choice winner just over a year ago when I began accumulating shares at 25 cents and above. It makes little sense to me that anyone would commit cash to a Chinese pink we know had to have been deeply manipulated to have tripled and more in a short span only to fall back with equal rapidity and stay there for months without a whimper. On the other hand, HDY gains enjoyed by many besides myself are indisputably gargantuan, relegating JADA and like stocks to the dung heap in a Chinese boiler room in an alley somewhere on the Mainland.
It's not about JADA at all, Randy---it's about the wisdom of putting on a happy face while ignoring the fact that there are far better choices to be made. Do you have any idea how many free shares of HDY I could have if I were concerned with financial risk? It's laughable. Then again, sometimes we count shares and positions more than net asset value when it comes to quantifying what we have in a portfolio. And that, in my eye, is a tragic error in business management.
I don't trust JADA's management to be forthcoming or even remotely honest. I've seen nothing to indicate a wish to connect with shareholders nor even a word about uplisting. And I've noticed that uplisting often results in a follow-on lowering of the share price...witness the case of New Energy---NEWN.
WT
