|
I have no losses, I bought most of my stock below 1 dollar, some at 5/8...also sold a bunch above 4 and am now buying it back. The question is not about earnings, we all know there will be none this quarter, and basically have been none in the past. Of course a company needs earnings to sustain a long term rise, that goes without saying......this is an R&D company transitioning to a new product line for commercial production. If the stock is really cheap, and if management believed it, they would buy it for themselves....all the real value investors I know, do NOT buy stocks that the management does not buy on the open market. If its not cheap enough for insiders to buy, they don't want it. My only point was that insider buying by JMAR management would cost them so little, yet gain them so much in the way of credibility to their statements that JMAR is cheap and in the best financial condition in years. I happen to believe this is true because I have followed the company for years and done my due diligence homework. What I can't figure out is why management doesn't buy any stock on the open market. If I were in management of any company, and I thought my company was ridiculously cheap and I knew the schedule for new product rollout, I would beg borrow and steal to buy all I could....... |
