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Technology Stocks : LUMM - Lumenon Innovative Lightwave Technology Inc.
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To: Fred McCutcheon who wrote (1298)12/16/1999 7:49:00 PM
From: Bob Burke  Read Replies (1) of 2484
 
Fred as a investor/lurker in a company that had a run going and bought at 26, and bailed out after a retraction from 40 at 37, who questions revenue compared and/or projected for the next year certainly would accept the fact that this stock is pushing future multiple's. The stock may or/not be being shorted, but TA say's it's over valued compared to other R&D Co.'s that are on the road to the real world.
Disclaimer: I'm still holding some long shares and think I'm going to be down money for over 6 mths.
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