Today was one of the worst DayTrades I have done so far. I am not going to let it get to me, but I seriously wish I had played this one differently.

The market was tanking (as usual) and JSDA had been popping once again on a downgrade. They had terrible earnings last week, got a downgrade and still managed to POP on a DOWN day for the market. Some volitale stocks are just lost and dont act like they should. I am sure I will make this one back but daMn.

I sold short 400 shares in the AM at $11 even.
The market was tankin and after popping over $1 on a downgrade the day before, JSDA was SUPPOSE to go down with it. Turns out it just kept riding sideways most of the day. I sat at home waiting for something to happen and nothing did.

I drove to work not too worried about any action while I was on the rode and I was right, no action. When I got to work and saw it was still at about $11 I thought real hard about selling (or buying back).

I was working on some AITG stuff when I noticed a big POP. JSDA popped to $7.50 in just a couple trades on the T&S. Without panicking I checked the news, nothing, then I mistakenly checked the YAHOO! message boards and it was BUZZING about Jones Soda becoming available at McDonalds.

I guess McDonalds is testing some wannabee Starbucks cafes where they are selling Jones. Some schmuck took pictures of the Jones Soda being sold there and started buzz about it causing the stock to POP.





Out of Panic, I thought " Damn I should be buying JSDA on this news not selling!"
I bought back the shares at $11.75, basically the high of the day, only to watch the stock go back down to the $7.25 range.

Now if this news is true, it could be HUGE for JSDA and I will keep my ears open for it. But as far as today goes, that news just FUXed me.

You never know when news will come out and bite you in the ass. When trading companies that put out a heavy amount of press releases you always need to be cautious that something will happen unexpectedly.

This trade has taught me a lot but I am not going to let it get to me. Hopefully I can make all that money back going long on JSDA when they do announce getting into Micky DeeZ.