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


To: Ginko who wrote (7577)3/11/1999 12:02:00 AM
From: brent gephart  Read Replies (1) | Respond to of 9695
 
I agree and that is exactly why day traders that get involved with JMAR flip the thing quickly. As was the example the other day when JMAR was at the conference. The day traders started to run the stock and than their was no follow through, consequently they sold their shares right into the falling stock price. Those that held their stock for a bounce the next day then sold when it did not materialize. I know this very well because I have been a trader for many years.

The joke is:
Q: What do you call a day trade that went wrong?
A: An investment!

That is until the next day and it goes lower again and forces your hand to sell so you can go buy an Internet Stock.

I have held JMAR for about as long as anybody on this thread. Somewhere around 5 years now I think, and for all practical purposes it has been dead money. I, however, believe that this company can produce a good product and become a full high tech company from an R&D company. That is the only reason I still am here, otherwise JMAR pains me too much to think about the time I have been with it.

One of the more puzzling questions I have is why people consistently sell into the JMAR rallies. Almost on cue when the stock moves 1/4 point huge volume flows into the stock and breaks the rally. It's not as if a 1/4 point rally is very big considering some of the movements in the Internet stocks. I have seen stocks with twice the float move better than JMAR. I can not put my finger on it but I think that the MM and SOES mess with the stock too much sometimes. Also it could be that people just want to get out on a rally and simply do so. A lot of investors are probably just looking to break even on JMAR and dump the stock at say 2 3/8 where they may have bought it two months ago. I think JMAR needs to call the NASD and look into the trading of its stock.

Brent