Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Ginko who wrote (6770)	10/5/1998 5:39:00 PM
From: Candle stick	Read Replies (1) \| Respond to of 9695

Looks like that stock buyback program announced earlier is really kickin in. Company must think more to the downside before this issue is undervalued. Well someone was buying today, at the offer. Fahnstock was offering 5000 share blocks all afternoon at 2 dollars and he kept on getting paid. Sold at least 30,000 shares this way, if not 50,000...at the end of the day he appeared done and NITE (knight securities) stepped up to the plate and had 7000 shares offered for sale at 2 dollars... Someone is buying as soon as the stock appears for sale. The company? Or someone else? Can't tell you that, but whoever was getting out certainly was able to do so easily and quickly without moving the price........;^) P.S. I don't think JMAR would buy everything in one day anyway...they are more likely to nibble on the way down, perhaps 50-100,000 shares a day for maybe 20-30 days, and probably only on days when the stock is weak....days when there are no sellers will likely see no company buying...remember, 2 million dollars at prices below 2 dollars will buy well in excess of 1 million shares. Anyone anxious to get out for whatever reasons now has a chance to, but the company will not pay them a premium for their stock. They will shake 'em out as cheaply as they can, to get the most bang for their buck. Then once the next piece of good news comes, there will be no weak hands with stock overhanging the market. It should rise on less volume and stay up.

To: Ginko who wrote (6770)	10/5/1998 5:58:00 PM
From: Bilberry	Respond to of 9695

Thomas you can't judge a buyback program by one days action. Also, I think I heard that a company is restricted from buying in the last 30 minutes, or putting an order in then. And not sure what allotment they are maxed out for each day (there may be a maximum they can buy daily). So, today is not any indication of the company support of the stock. I am amazed that people are selling here. Last year at this time, JMAR was near $5. If the news of the last 2 months had come out in that favorable environment JMAR would have been much higher than $5. When the environment turns, JMAR will make up for lost time. Hopefully soon. --Bilberry