Looking for a quick hit in a fast-moving small-cap over the next few days as volatility goes down and money comes back off the sidelines. This pick has nothing to do with Jamba and everything to do with the broader market.
I think if you look back at the May 6 - 8 period, you'll see that JMBA got hit very hard when people were taking money off the table (from 3.19 to 2.59 in 2 days), but it rallied hard (back to 3.12 in the next 2 days) when conditions improved.
Why do I think the market will spring up over the next few days? Basically we re-tested 'flash crash' lows, but it was overdone. And we hit the -10% threshold necessary for a 'correction' so now that we've done that, we can rally. Today even though the broader market is down, my favored stocks such as LVS and UA are up a decent bit. That tells me people are acting rationally again.
Confidence 3 since it's such a short timeframe. If I'm wrong about market timing I could get burned bad in percentage terms. I don't think I will though.