June 30, 2005
SpeculatingStocks.com Stock Pick: JMAR Technologies, Inc. (JMAR)
Stock Price: $1.35 (short-term strong buy)
We mentioned JMAR in our Stock Notes on June 28th. JMAR has since moved out of its $1.10-$1.30 two month range. Momentum is now very much in JMAR's favor, volume hasn't been this high on the stock since early March when the stock hit $1.75.
JMAR Technologies, Inc., develops, manufactures, and supports advanced laser, sensor, and custom systems for applications in the semiconductor, biotech, homeland security and nanotechnology markets.
Technically JMAR is a buy at this time, but better yet the company just announced that the US Naval Air Warfare Center granted JMAR a two-year extension valued at $7.6 million to its existing 3-year $10 million contract. This is just the tip of the iceberg, nanotechnology is still in its infancy, but now is the time to claim a stake.
SpeculatingStocks.com Target Price: We expect JMAR to reach at least $1.70 within the next month.