The report was good.
The headline profit figure not so good(most people only read the headlines)
JBM has been technically overbought for quite a while.
The P/E ratio of JBM does not bother me as it is a "growth" company & should not be compared to the likes of BHP or RIO.
Exploration results will "make or break" JBM & we are still only seeing the "tip of the iceberg" as far as JBM's resources are concerned.
This months dividend should support the share price around current levels but heavy shorting of the stock could cause voliatility.
Personally I am way too heavy in JBM to be buying(though tempted) anymore at current levels but I am not interested in selling either.
It's hard to see JBM breaking through $9 in the short term without "HUGE" news of some sort but a bounce from $8.10 is highly possible.
I would like to see JBM consolidate in a range for a while before acting(buy or sell) with certainity.
$8-$9 would suit me fine
$7.50 is the "Maginot Line".
cheers.
JBM
jubilee mines nl
