Who would expect me to talk about Cramer who serves as an entertainer to "1999 like zombies crowd"?
Well, I just would like to point out that so called "Cramer effect" is not caused by extraordinary power of persuasion of Mr. Cramer and ( to a lesser extent ) by stupidity of people who follow his "advise", but by very good team of technical analysts.
JSDA appeared on my scans few weeks ago satisfying my scan criteria: small float, reasonable institutional holdings, nice short interest, close to 52 week high ( I cannot say that I agree about Mr. Cramer statement about solid grows - JSDA missed badly last quoter).
On December 15,18,19 chart of the stock which was poised to go up formed "stepping" pattern ( I'm not really good with fancy candlestick patters, so you'd have to forgive me - what I see and recognize is based on my many years of mistakes ).
Dec 20 stock broke out gaining 14% on above average volume, next day - really big volume, I just wondering as WHO was buying - but stock does not move much and sit sooo close to 52WH where overhead resistance is nearly non-existent.
And here it is 6PM and here comes "Johnny", oh, forgive me - JIMMY, toting JSDA as next HANS and, you guessed it right - stock takes of in after hours trading.
Look at the chart ( I even decided to post the chart which I don't do very often, so you'd see what I saw ).
Enjoy
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