"I guess I come here for the same reason I watch "Jackass" on TV."
haha, c'mon, I find that hard to believe
"Yes, the market is down, but nowhere near this stellar performance"
but all of TELECOM/FIBER has had the same stellar performance as Lumenon. It is not a "Lumenon specific" problem, as you imply:
LUMM from $50 to .20
MONI from $35 to .14
BKHM from $85 to $1
AVNX from $270 to $1.70
JDSU from $150 to $2.50
shall I go on??
"the arrogant "watch and learn" comment"
just having some fun, and the verdict ISN'T IN YET!
"It must be tough to eat crow and watch your money evaporate"
my money evaporates only when I sell, and I'm, in fact still accumulating .20 shares, all with "play" money
"Wallstreet values companies on certain metrics. One of it's favorites is the P/E ratio. If the company you are considering investing in, doesn't have an E, that's not a good sign!"
of course I know that, and I also know that a "developmental" company has more risks than a company with present earnings, but ALL companies start as developmental companies. I'm using some "play" money, taking a chance on a "developmental" company who DOES have a technology which HAS captured the attention of Litton and IBM. Is it risky? damn right it is. But for a few bucks, I believe it is occasionally worth taking a risk.
"Another of it's favorite metrics is P/S. If the company you are considering investing in, doesn't have any S; there's no question, if's, buts or ands, you should turn and run away as fast as possible (and take your money with you)."
and I bet there's PLENTY of investors who did exactly what you suggest (run away) with Cisco, Intel, etc that are kicking themselves now for not investing a few bucks on THOSE companies when they were in developmental stage.
I own a ton of stock in a stable, very large, international company (my employer).
and I have a small amount in my more risky "developmental stage" company. What is so wrong with that?
"Best of luck going forward."
hey, good luck to you too! |
