Cash Money Millionaire x2

I traded more stocks this week, and quite surprisingly, made money. Tuesday, during the mini-crash, I picked up 251 shares of Altair Nanotechnology, a Reno, Nevada company developing high-tech battery packs for electric cars, etc. They are small, unprofitable, and probably bilking their investors, though I have been watching them for some time hoping to execute a short-term trade. The very fact that the phrase "nano-technology" is in the company name, yet they have a market capitalization of only 200 million dollars should be an indicator that they are small beans.

(ALTI) trades at a nominally low share price, have decent trading volume, and since procuring a big contract a few months ago the stock is up 30%. On Tuesday they were knocked down about 6% by nothing other than flowing with the market, so I picked up a small position. Low and behold, not only did it rebound naturally with the market at-large over the last two days, but today they issued a small, non-issue press release, but apparently it was enough to push the price up a little more, so I cashed out.

Now I wait in anticipation for the Jones Soda (JSDA) conference call. I own some shares of Jones that I bought last week, after I sold my original position and waited for the price to drop, but next Thursday is their quarterly conference call where they will be announcing their new retail contract partnership. The anticipation is high; basically, if they announce they have contracted with WalMart, the stock will shoot probably up to $20, if not, the stock will flounder. This company is the next Hansen Naturals; if I had a million dollars right now, I would put everything in this stock.