http://www.stockrake.com

I think if JSDA, Jones Soda, cracks these current levels its going to 20. Might be a pre-lim buy there. Maybe. I watch this one closely as I’d like to get long the stock, but its been downgraded on valuation and it “was” very overextended to the upside.

JSDA will probably find temporary support though off of the 23 dollar level. This was the opening price on 4-11-07 before it made a 3 day parabolic run above 30 – AHEM that was a 37% move in 3 days. On top of the already huge move JSDA had.

So look for a small bounce and then a crack of 23 bucks. Then it will goto 20.

Wait for the weak hands to flush out and/or volume event. Neither is happening today.

Related Posts