MicroStockProfit » ACH http://www.microstockprofit.com Your Small Cap Specialist Thu, 09 Sep 2010 09:01:12 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Pure Chart Play: JCDS http://www.microstockprofit.com/2009/09/28/pure-chart-play-jcds/ http://www.microstockprofit.com/2009/09/28/pure-chart-play-jcds/#comments Mon, 28 Sep 2009 14:58:00 +0000 Editor http://www.microstockprofit.com/?p=3242
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    • ]]>     I have programs that send me emails of charts every day.  I pick the parameters and I get dozens of charts to view.  One chart that stood out for me today was one for JC Data Solutions (JCDS).

    Here is the chart:

    The stochastics indicate that this stock is clearly oversold.  it may have farther to fall since it is in distribuion, but it clearly has some pressure to rise.  A sub-penny stock, it could fall as low as $.00075 before it corrects and rises again, IMO.

    This is a non-reporting pink sheet company so the risks are known.  They say that they have been in business since 1996.  JCDS has put out a number of press releases that seem to indicate that the company is on a positive trend.  But, companies have been known to lie in press releases (shocker, huh?). They have a website that gives information about what they do: click for link.  They need to put a few dollars in the website…it really doesn’t show the company off well and is very dated.

    Extremely risky…..short term play….put it on your radar….good luck and good trading

    Related posts:

    1. Pure Bounce with PSPM
    2. Sometimes, it’s all about the chart: AMKR
    3. LLBO – Buying the Promise?

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