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Technology Stocks : JMAR Technologies(JMAR) -- Ignore unavailable to you. Want to Upgrade?

To: Tulvio Durand who wrote (3870)	11/6/1997 3:52:00 PM
From: brent gephart	Read Replies (1) \| Respond to of 9695

There my be more to this pull back than CATS at this point. Looking at the trading this morning it was a lot of little trades that have hurt us. I fear that at this point it may also be the individual investors who are momentum players that are selling the stock. One of the problems I have feared with the on line trading systems is there cheap cost to by and sell stocks. Because of this people can buy and sell small and odd lots. when the stock is going up this is certainly in our favor. However, when a stock appears to no longer be a momentum play, at least to the extent that it goes up 5 to 10 percent in a day, we the long term investors will get hurt. For example, and as many of us know, when trading at a large brokerage such as Merrill Lynch you often need at least 1/4 to 3/8 of apoint move just to break even, not the 10 to 50 dollars it costs to trade on line. While CATS is certainly a problem, which I am sure we will get more information on, I think our real problem is with all of the people who have gotten into Jmar and who are not as familiar with its great potential. Jmar has gotten and will continue to get alot of press over the next month and longer for which we will simiply have to put up with these transient investors looking for a quick dollar. Brent P.S. If this analysis is at all correct the one thing we can probably be sure of at least is that they lost money on there trades. Live long and prosperous, Jmar.