JADA really running, Tuna, Thanks! And look at some of these others: WEDC, OPXA, VSR, ENCO, SIMO (own WEDC and SIMO) Picking nickels off the floor- XXXXX shares get me a few thousand
Up to .84 this a.m. on IMMENSE VOLUME, once again, defying the perceived "resistance" around the .80. Of course, the stock needs to close significantly above .80 at end of day for this to be perceived as a breakout above the resistance price.
My own sense is that all the new buyers streaming in who heard about JADA from the Zack Buckley article don't give a fig about "reistance is at .80." All they see is a stock that will likely have 2009 revenues around 0.19 and thus today's "already-run-up-too-fast" price is showing a stock with a trailing P/E of 4.3 and a forward P/E of ~2.3.
Seriously, this stock could easily be double today's price right now and still be greatly UNDERVALUED.