LUMM - Lumenon Innovative Lightwave Technology Inc. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : LUMM - Lumenon Innovative Lightwave Technology Inc.

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: SecularBull who wrote (1265)	12/14/1999 11:32:00 AM
From: John Curtis	Read Replies (3) of 2484

Long: Hmmmm....well, nothing about the press release itself seems out of sorts. It pretty much recaps what all know about LUMM, eh? I will say they leave out some of the positives(MOLX buying the common on the open market...CSCO joining the board, etc..), basically slanting it the way they need to effect a certain...uh....reaction. ;-) It looks like this Preston, despite a VERY nefarious history, is engaging in what shortsters do when they find an equity that's gone waaaay beyond it's upper end. That is, issuing a statement that basically cuts the legs out from under the speculative momentum LUMM had been enjoying. This, plus, it now becomes an excellent excuse for those looking at massive paper profits to lock in some of that gain. So it goes... LUMM's STILL an interesting speculation. One which bears close watching into 2000 and beyond. My guess is we'll see it bounce this afternoon, since those who may have shorted this thing in the mid $30's are now looking at a sweeeet profit. Let's see if LUMM can stabilize, and find its legs, here around ~$21 or so(anyone tempted to play a traders bounce?)..... Regards! John~

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next