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

To: Bilberry who wrote (4357)	12/5/1997 7:42:00 PM
From: Starlight	Read Replies (2) \| Respond to of 9695

Bilberry - Exactly! This is what I've been saying over and over, and no one seems to understand "shorting against the box". This provides an automatic built-in risk-free profit, as you said. So if they shorted at 4 1/2 or thereabouts, and cover with stock that cost them less than 3.40 (per CandleStick's calculations), that's a nice profit on a million or so shares (don't remember the exact amount of the offering). Also, the Swiss investors involved are not exactly "new" to the company. As I understand it, they have been prior investors in JMAR and they attended the annual meeting this year. So why should JMAR shop around in Calif. for investors when people already involved with the company are willing to step in again? It's just my opinion, but I think we are close to lows that will launch the next move up. Next week's equities conference might be the time for more news to come out, and I think we might see more buying due to exposure to more analysts, brokers, etc. at the conference. Betty

To: Bilberry who wrote (4357)	12/5/1997 8:31:00 PM
From: John Palphreyman	Respond to of 9695

Swiss financial institution? This probably isn't a mutual fund. CS First Boston UBS SBC If JMAR is on the radar screen of one of these guys it can only be a positive for the stock longterm. Just speculating. John

To: Bilberry who wrote (4357)	12/5/1997 8:31:00 PM
From: Arthur Radley	Read Replies (3) \| Respond to of 9695

Bilberry, I don't understand the logic as to why the Swiss would short at 4 1/2 and hold this short for a year and then cover their short. What you are implying is that JMAR will stay under 4 1/2 for the next year. If it goes above 4 1/2 then they will lose on their short position when they cover. Projecting JMAR to stay under 4 1/2 for the next year would be even more of a reason to sell now. If they cover with the stock they got in this private placement and don't think the stock will go above 4 1/2 and make them more than the 1.00 spread in this transaction it doesn't indicate much confidence in the Swiss thinking this is only a 4 1/2 dollar stock.