pappy

http://investorshub.advfn.com/boards/profile.asp?user=16589

Posted by: pappy Date: Tuesday, March 09, 2010 11:27:53 AM
In reply to: None Post # of 944

The big picture of a stock about to explode to the upside.

In May 2009 just after jada hit its 52 week low volume started to increase to up to 1 million shares.

After 6 months of lower volumed base building in Dec 2009 once again after a decline jada started regaining 1 million volume days.

Since Feb 2009 many 1 million volume days have been registered. Thats over 10 months of accumulation for jada between the low point of May 2009 & the approx. $0.80 highs.

Today we are starting to see block trades over 100,000 shares & could start to see 2 million share days.

When the breakout occurs this volume is making a revisit of $0.80 all but assured.

The question I have is will the pps stop @$0.80 as many will obviously cash in some profits by then but how about volume will this big block buying continue.

I think the answer could be coming as soon as they announce 4th qtr numbers & give some possible guidance because the current pps seems to be factoring in a loss of more future revenue.