<<< Now that today is over, it appears that JDX is under accumulation.>>>
I would say that this statement is very true Teevee. The stock is again tightening very nicely. We've touched this $1.40 area a number of times, and each time we bounce off this resistance, the downside becomes less and less. If this is in fact the bull flag that it appears to be, then there is certainly good upside potential to the stock.
I think a lot of people have been focusing on the Medsite deal simply because it is something tangible....something we can actually chew on. It was mentioned here before by someone, but I think it warrants being mentioned again. As nice as the medsite deal is, perhaps what is equally important is it shows the abilities and connectedness of the people at the top. They are clearly talented individuals who are able to put the company's money to (very good) work with a strong return on their well chosen investments. Through their obvious talents and abilities, this should continue.
Some have been frustrated that there hasn't been the stream of announcements yet as to what their plans are. I still maintain (my own personal bet) that there is a lot being accomplished behind the scenes and they are simply waiting to enact their own sense of timing. Personally, I agree with this approach. Positive news is one thing. Positive news that incorporates a well prepared sense of timing is golden. My own sense of this timing leads me to believe that this series of releases will be beginning soon. Apparently, the market is agreeing with this sentiment.
Is JDX anywhere near fully valued? Personally, I don't think so at all. (Obviously if I did think so, I would now be out of this play!) It is clear too that the insiders of JDX also think the share price will also be going much higher. Outside of an apparent effort about a week ago of Haywood trying to box the price (which failed <g!>), the insiders are clearly holding very tight, knowing what is to come.
Some will say "well JDX has had a good move". Yes, that's true...but only in a very narrowly focused perspective. The important question for each person to answer is not based in "where JDX has come from", but rather "where JDX is going". This is not always easy to do! How many here "blew it" on the likes of BII, MCF or RIM? On all of these I traded in and out of and did quite well. Unfortunately though, there were a number of times I lost sight of the future potential, getting stymied by thoughts of only "how far it had come". I ignored some of my charting, and more so, what the market was saying through the trading that was taking place. And too bad for me! In each of these cases, I missed some truly tremendous gains. (just to bring a smile to everyone, I first started trading in and out of BII before it was even "known" at a whopping .89 cents. I won't say at what level I stopped trading, stymied by my limited thinking that "it couldn't possibly move higher". Suffice it to say that it went a LOT higher!)
For myself, everything I'm seeing and considering at this point says that JDX will be travelling higher. I continue to hold 100% of the shares I originally accumulated and depending on how I see the charts develop, may opt to buy more. The market is "speaking". Hopefully, I'll have the wisdom and foresight to listen!
Regards,
Kevin |
