Myron, I have owned JMAR warrants (JMARW) on and off for several years , starting in 1994. The first time was in late 1994 when the warrants could be bought at .09 each. I held onto them till May 1996 when I sold into that big rally and got about .40 to .75 each. They went as high as $2 in that rally.
My second buy was earlier this year, when I suspected that JMAR might extend the warrants. Those I purchased at about .15 average. I have not sold them yet as I feel I will see $1 or greater within the scope of the warrant expiration. (I think they expire in May 2000). Can't tell you exactly when they will go up, but knowing JMAR, they could come out at any time with news. Several fronts could give the boost. One has just been released ($13 million DARPA contract), another is their Semiconductor division giving positive announcements, another is their Brightlight product line giving news of a sale, and finally next year should be the x-ray point source development and potential sale. And lastly, their JMAR precision division throwing off unexpected positive earnings (especially if the hard drive industry heats up).
Just as I have been caught off guard on prior JMAR rallys, I am not about to make that mistake and try to predict tops.
JMAR warrants symbol: JMARW
Strike Price: $5.50
Call Price: $7 (ten days closing over)
Expiration: May 15, 2000 (I believe this is the date)
JMAR thread: Subject 2377
--Bilberry |
