Replies to post #27684 on JNS Holding Corp (JNSH)

[The Real Titan]

Well you may actually be correct. Forgetting about the dividend, low float, or anything company related, we can look at this from a more unemotional perspective.

Earlier today when I looked at the charts, the indicators had all turned South, indicating it would drop a bit more, which it most certainly did.

However, after dipping to .053 it did in fact bounce off that lower support, or whatever you want to call it and reset the charts almost perfectly.

On most breakout plays, stocks simply can't go straight up and remain in overbought territory for extended periods of time. They will likely see periods of profit taking, or minor selling for whatever purpose, resetting the charts off the bounce.

What we've seen here is the that although the MFI remains in overbought territory, the RSI has fallen to 50 and flattened out.

This is a critical point IMO, but one that appears to be in our favor. When stocks reach overbought levels and encounter profit taking, or a selloff, the MFI will generally drop, indicating that money is flowing OUT of the stock. It does not generally move as quickly as the RSI, but this is dependent upon whether the stock is being manipulated or not. Stocks being manipulated will generally use small volume sells to bring down the RSI and because of their small volume, they MFI will remain high, which is exactly what we are experiencing here IMO.

Because the MFI has remained in overbought territory, there really has NOT been any real money flowing out of the stock, indicating that the longs are firmly planted in their positions and not willing to abdicate their positions at these levels. Though we already know that this will move with ANY buying pressure whatsoever, this fact is further confirmed by seeing the charts setting up in this fashion.

I'm not sure how tomorrow will go, as Fridays are generally poor days for these markets. However, since I don't feel investors here feel compelled to dump this on a Friday and we'll not see a typical Friday sell off. In fact, we may actually see some money start to flow into this in the morning hours, but without news its likely to be fairly low volume.

Perhaps we'll see and update on Monday, or at least some time next week. We know there is considerable information to be released, its likely he's just willing for the most opportune time, which will probably be closer to the dividend date.