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You make a good argument, and JMAR's return may be quite impressive over a given time period. However, most of the blue chips have proven over time that they are more secure, and market sentiment will go for the blue chip every time. Most portfolio managers would rather own a Microsoft at a good price than JMAR, and that counts. Recent market conditions prove that. JMAR is a bargain and has had great news lately, but no market reaction. Microsoft has lawsuits, a slimy Bill Gates, and little new, and their price goes up. I don't always agree with it, but that's where the money goes after a market collapse. JMAR will have its day, but market conditions could dictate when it is. The trend has been that money doesn't filter down to the microcaps until all of the other bargains have been filled. I will be buying more JMAR stock, but I don't see any urgency at this point. Apparently, no one else does either. |
