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

To: Mesaba who wrote (6894)	10/23/1998 9:12:00 PM
From: X-Ray Man	Read Replies (2) \| Respond to of 9695

I think Candle stick should dump JMAR, and help bring about a healthy capitulation so I can pick up some more shares at a good price. The stock buyback is the most JMAR should do at this point. Doing more could even be viewed as manipulative by the SEC. Candle stick is wrong. Even if action like a spurt of insider buying upped the stock, the affect would be temporary. Growth in earnings, based on existing product line growth and initiation of new lines, is the only thing that will make this a good long term investment. If what Candle stick wants is an exuse for the stock to pop up so he can get out soon, he should stop holding his breath and take his losses like a man. Those of us who have the stomach to stick it out with a small high tech company with a venture type development product in the pipeline will see the current depressed price as a buying opportunity. JMO. But my money is where my opinion is, too.

To: Mesaba who wrote (6894)	10/23/1998 10:59:00 PM
From: EL KABONG!!!	Read Replies (1) \| Respond to of 9695

Mesaba, People shouldn't be looking for insider buying, they should be looking for insider selling and take that as a warning. Though I understand the intent of your words, actually you've expressed the exact opposite of conventional wisdom for those investors that commonly track insider activity. When an insider sells shares (or options), there are many valid reasons to do so that may have nothing at all to do with the company's future fortunes. For example, an executive may be forced to sell to satisfy a judgement in a divorce situation, or maybe needs to raise cash for another investment opportunity. Perhaps he or she is merely diversifying, or maybe they're engaged in personal estate planning and desire to transfer dollars (not equity value) to a child or other relative. Maybe they've got college tuition to pay, or they've just bought a new home. Lots of good reasons to sell, and only one bad explanation (when the executive feels that the stock is overpriced and therefore ripe for a price slide). However, when an insider is buying, there is only one reason to do so, and that reason is that the executive believes that the value of the investment will increase. Some investors call this the greed factor. Remember, most executives get very handsome options packages, so to go out into the market and buy free trading shares implies that the executive has ample reason to believe that the stock is undervalued at this point. As important as insider buying is, it is even more important as to who the buyer is, or more accurately worded, their position within the company. CEOs and CFOs are uniquely positioned to know more about the company's finances and prospects than any other insiders. So when you see these guys/ladies buying in the open market, it's almost a no-brainer that outsiders should be looking at the company as well. Directors and vice-presidents who buy in clustered patterns should be respected too, but beware of these buys because the company may have just enacted a requirement that all insiders maintain a designated share level according to their individual role within the firm. It is also important for the small investor to know that insiders are notoriously early in their BUY decisions, as much as 6 to 12 months early. One acknowledged reason for this is that insiders do not want to have to publicly explain fortuitous BUY decisions that occur just prior to a good news release and subsequent price rise. Conversely, no one wants to be sued for selling into a price decline when a SELL decision is made just prior to a bad news release. The bottom line is that Candle stick is partly right in his viewpoint. I must agree with him that I would like to see insider buying activity on the open market. But I'd like to see it because the JMAR insiders believe in their destiny, rather than that they were forced into buying to satisfy some corporate edict to temporarily inflate the stock price. KJC

To: Mesaba who wrote (6894)	10/24/1998 11:55:00 PM
From: Candle stick	Read Replies (1) \| Respond to of 9695

You must be kidding.....get out of the market fast, you havn't a clue....insiders sell for millions of reasons, buy a house, college money, diversification, just to spend it! etc, etc. etc. ...Bill Gates sells every month for years, yet MSFT goes up day after day...however, insiders buy for only one reason, they know the stock is cheap and know its worth more...that is the only reason they buy, period. That is why stocks with insider buying tend to outperform all other stocks.