Stock Picks

Disclaimer: This Blog/Person is not a Registered Investment Advisor or a Broker / Dealer. Readers are advised that this website is issued solely for information purposes and does not guarantee its accuracy.

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Location: Los Angeles, California, United States

I first became interested in stocks at the age of 14 and I have been an intern for three summers at a large Investment banking firm on the West Coast. I do research on stocks all the time and I also enjoy basketball,hockey and football

Tuesday, August 09, 2005

Thirsty for Cash?

I have one question that I need to ask everyone...Are you thirsty for cash? I don't know about you but I am certainly thirsty and I need to be quenched of this thirst. And what better way to do that, is by opening the fridge and taking a gulp of a Jones Soda. I have been watching this stock since it has been an infant at around $1.50 about 2 years ago. But, once I saw it profiled in Businessweek magazine at about $7 a share, I promised myself I wouldn't profile it on my blog for stock picking. But, since its appearance in the magazine the stock has declined over 30% and no disrespect to Mr. Marcial, but how could he not forsee the pullback of this stock. What I have learned over these few years of investing, is that when a speculative stock such as Jones Soda(JSDA) which is traded on the OTC BB(bulletin-board) goes up that much in a short period of time, the stock is due for a pullback. Since it has come down this much the stock looks very attractive at these levels and I couldn't help myself by profiling them. I believe that the stock should be trading on the Nasdaq and should transfer over to it soon. It has to trade above $4 a share for 90 days to do so. Given its small SO(Shares Outstanding) and the growth it has had, the stock should jump up in price. Although, it has been spending alot of time and money marketing its brand and drink, to try and position itself nicely for the coming years. The upside growth of the company and the stock has alot of potential and it should go higher from these levels of $4.73


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