Undoubtedly, all stocks (including Jordex) will attract different types of investors and traders at different times. I think this is an important thing to keep in mind, as we are all "existing" here together in this JDX thread. And to make matters worse, each individual is sometimes an investor...other times a position trader, ...and other times again a pure daytrader...all on the same stock! Often it can get confusing, (and on unfortunate occasion...a little ugly), but in the best of all worlds...we all win. And on JDX, I certainly believe there is a great potential to win no matter what time frame you're looking at. That's one of the nicest things about this stock.
As I stated earlier, I needed to see a new base form for JDX which happened in the $1.20 area. For the record, I also bought this past Friday around $1.50 as I think the upside potential from here is quite good. Some of this decision was based on the trading I saw going through and of course the volume was great to see. Developments in Medsite were certainly very nice to see as well. There's one other aspect though that I think is worth considering, which also prompted me to buy further, that being the actual price range JDX is now trading in and/or heading towards.
Imho, JDX is starting to move into a price range that will attract a whole new set of investors. By this I mean that there are certainly some investors out there (institutions as well) who "won't play stocks under a certain price level". Some of this is just based on their own personal comfort level. Some is based on the $$$size they can take down and still maintain reasonable liquidity. For myself, I've placed these "new buyer" milestones at $1.00, $2.00, $3.00, $5.00, and $10.00+. With JDX now approaching on $2.00, I think there will be a large group of fresh investors willing to come to the stock which should bode very well for the share price.
Best wishes to all in JDX, whatever time frame you're working in!
Regards,
Kevin |
