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


To: EL KABONG!!! who wrote (6591)9/9/1998 8:20:00 PM
From: Candle stick  Respond to of 9695
 
I don't think you will see tax loss selling until December, which still gives JMAR over 2 months to make announcements and perhaps several press releases concerning new business. This was hinted at during the annual meeting. I still hold out hope for a stock price back above 3 dollars after these announcements, in which case there would be no tax loss selling. It may sound far fetched with things looking as dismal as they are today, but in my experience, the market always makes a stock look its worst before turning around, and vice versa, things always look their best before collapsing. I think this will apply to JMAR. Things look dismal now, and there definitley has been some heavy selling taking place. Perhaps we will dip another 1/8 - 1/4 but if we get any news and the overhang is out of the way, a 1-2 point bounce could happen at any moment.

Don't forget, JMAR is having an institutional conference call next week, and noone in their right mind would do that unless they had good news to report. These institutions should be looking for beaten down bargains in this market environment, and that is the the word that best describes JMAR at these prices (1 11/16 ????)............ ....a bargain,..........IMHO.........;^)



To: EL KABONG!!! who wrote (6591)9/9/1998 9:00:00 PM
From: INFO_DART  Read Replies (1) | Respond to of 9695
 
I share your concern regarding the potential for an October-December sell-off for tax purposes. It may not start until November. However, since it is a fairly reliable indicator some people may get out sooner rather than latter. No sense in maximizing losses. I agree that the entire small cap sector may be affected. It may be a good strategy to bail now, especially if your concerned with overall market risk. It's seems like two strikes against us. Maybe by year end it will be a full count.