re: after lunch buying
i wouldnt worry about the short term, and what the invest4profits perople do, or even the short term traders who want to make a profit on their 6c allocation.
if you see the chart and how far JUM and come, that is the first sign of confidence.
the second sign of confidence is their earnings. Now this is bankable, secure earnings, with huge upside potential. Think about only lotteries and its potential. Think about the earnings growth that JUM can gather. Think about the positioning of some of their websites.
If JUM can take their NPAT to $2m, then they are trading on roughly 12x PE, which is very low for a growth company.
I am not a chartist, but if you apply some simple support and resistance lines, it appears that 6.5c is the current support, with potential to bounce up from here.
Disclosure: - I hold JUM shares
JUM
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