Wednesday, 7 February 2007

Market Insight - JER

The stock started trading as of this writing (Feb. 5th) after being halted for nearly a month because of the late filing of the year end financial information. On a positive note, while the stock closed at $0.70, which was down $0.20 from prior to the halt, there were only 24,500 shares traded. Throughout the day there was a substantial spread between the bid and ask and the Company was not faced with a deluge of stock hitting the market. It appears people are willing to give JER's new President, Ed Trueman a grace period in the expectation he will be delivering contracts not too far down the road.