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Technology Stocks : JMAR Technologies(JMAR)

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To: brent gephart who wrote (3637)	10/24/1997 12:22:00 PM
From: JEFFREY R. WILLS	Read Replies (2) of 9695

Can you believe this crap! Another day when JMAR will test the 5 mark we have more weakness in tech, this must be routine. If JMAR was chosen to do a 100 million contract from IBM, I am sure we would have a nuclear war, unbelievable! Some resistence at 5, but this is due to intel postponing a 1 billion plant investment and more downgrades in the semi-equipment area. How could an industry projected to be a huge winner thru 2000 now be an industry that will collapse. This is irrational and it explains why some of these stocks are now off 40-50 percent from highs. This will take another 30 days to work out, but hopefully JMAR can stabilize in the mid 4's and then when this crap is over go to new highs. The 4.2 percent buyback adds .19c value to the stock so at the time of the announcement JMAR was valued ad 4.53, the stock should trade in 4.70 range based on the buyback and thus trade at a 33 pe. This is cheap and you new buyers will have to ride this farce thru as from a long time holder knows, when JMAR has positive announcements get ready for a tech sell-off. There I vented my anger for the day.

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