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Microcap & Penny Stocks : JAWS Technologies - NASDAQ (NM):JAWZ
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To: j.oil who wrote (2951)8/22/2000 2:23:38 PM
From: gemsearcher  Read Replies (1) of 3086
 
Hi j oil

So... waddya think ?

This is downright ugly. The fundamentals do not appear to have changed , yet Mr. Market is sending out very negative vibes. Normally , this is around the time that the sponsor steps up to the buying plate to provide support and stabilization. That does not appear to be happening here and selling begets more selling.

I am somewhat disappointed that management have also failed to deliver justification for the jump to $11 million (from the 5-6 million originally forecast ) in losses projected for this year. In the absence of a major contract or other initiative that would justify this kind of an increase , the market is telling us that they are concerned about how this co. is spending their $$$.

Thoughts?

Regards.
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