27th of March JAT hit an all time high of 29c, that was almost 7 months ago, since then JAT hit a low of 3.5c which was last Thursday. Today it hit 7.6c, the company now is in a better shape than 7 months ago, and with more deals to come, the China conference plus any other positive surprises that the market will throw at JAT, so at 7c it is very cheap.
Today's volume speaks for itself and the only way is up from here, it will not be in a straight line but in all honesty double digit share price is not far off, another amazing advantage is the way this company trades, it moves immensily fast, we all remember what happened in the 3rd week of February when it went from 7c to 23c in 4 trading days.
Also to note, the spec end of the market today went ballistic with few other companies, is this the beginning of a run with spec stocks like the one we had last October and November ?, because if it is JAT will not be at 7c for long.
We shall wait and see, my gut feeling tells me, we will have a juicy announcement before Friday.
JAT Price at posting:
6.9¢ Sentiment: Buy Disclosure: Held