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Technology Stocks : LUMM - Lumenon Innovative Lightwave Technology Inc.
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To: RCDTD who wrote (912)9/22/1999 1:43:00 PM
From: Devil's Advocate  Read Replies (1) of 2484
 
Only future will tell I guess. I'm from Montreal and would be glad to see LUMM become big.

I wouldn't put to much trust in the support levels mentionned in the article. It is precisely that part of the article that tickles me. I'm sure LUMM did not provide a technical analysis of their stock to the National Post.

LUMM has a tremendous potential, I agree. But they already have a market cap of more then $300M and no revenues. At best, it is highly speculative.

LUMM is a small float stock. If you ask me that is what's driving the price so high and prevents shorters to come at it.

If I was in, I would sell now and wait for it to come back to a more realistic level before coming back in.

good luck.
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