Jones Soda Bottoming
With the 13% move in Jones Soda stock today, i strongly believe that it hit its bottom. With 29% of the stock shorted, i think we should see a real short squeeze in the near future. Also, with the move to the upside, a lot of analysts will be pressured to put buy recommendations on the stock. If the second quarter estimates are beaten for earnings, you'll definetly see a large pop in the stock.
Jones soda may have bottomed out, but i think its just a result of their peak. People want something new and improved. I found a report that tells of 2 new soda stocks that look bright...
http://www.pennysleuth.com/rpt/beveragestock.html
-Cheers!
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I read the article and Reed's looks like its gonna be the next Jones Soda or Hansen Natural if everything goes as planned. I'll look into buying some shares and thanks for the comment.
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