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3 pts

Opinion on  Jones Soda Co (JSDA)     Sector: Consumer/Non-Cyclical  >  Industry: Beverages (Non-Alcoholic)
Follow-Up On Jones Soda

Jul 07, 2007 08:17 AM GMT
Return Risk
-3.16% HIGH
Tracked Blogger

Fundamental Analysis  
Via mymoneylife.blogspot.com/:  

Last month, I posted on Jones Soda (JSDA) and said that it looked like the stock was gettign some fizz back.

Since then, the stock briefly dipped back below its 200-day moving average, but recently recovered in a big way.

There has been no real news to account for the surge in the stock, but over the last 2 days it has spiked as much as +25% higher on a big pickup in volume.

This brought the stock back above its 200-day, but today it came close to bumping up against its overhead 50-day average. This is a natural area of resistance, and I expect the stock to pullback and digest this big move. But after that, I believe the stock will get back above this level and move back into the low $20s.

The stock got way, way ahead of itself on that outsized run to $32 back in April. I actually shorted the stock briefly, as I thought it would retraced some of that move. But I didn't think it would come all the way back down to $14. I view any level in the mid-teens as attractive longer-term.

long JSDA





This is a tracking account  [?]   SocialPicks is not affiliated with Jordan Kahn. The POS/NEG sentiment is automatically determined by SocialPicks from this blog post and should not be recognized as a position recommendation by Jordan Kahn

JSDA:  This call was made on 07/07/07 @ $17.19
Rating:   Neutral/Hold   $17.19 (07/07/07)
Gain/Loss:   -98.05% in 1787 days


Comments (4)

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Jordan Kahn previously rated JSDA
Positive +5.78% Jones Soda (JSDA) Gaining Some Fizz Back
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