The Xmas tills are a ringing!

I've been shorting this on a "in and out" basis, to good effect. No position at present, I covered (fortunately) just into the uptrend.

This has been behaving strangely for a while, whoever hoovered up shares on floatation is sitting on a huge loss and I've no doubt that every measure will be taken to recover that loss.

On fundamentals, JSP isn't too clever and if a predator was sniffing around, they would have been hoovering stock at much lower prices. A p/e of 40 seems rather high considering the prospects and competition.

No way would I go long on this, the current uptrend will, in my humble opinion, give a good shorting opportunity, when the trend reverses in the fullness of time.

It's up today on an apparently very low volume.

Will be interesting to see what the trading update on 19th January says. I'm out until then (unless something drastic happens).

imho, pdyor