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Non-Tech : LUXOR INDUSTRIAL CORP. -- Worth checking out !
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To: Double E who wrote (46)4/20/1998 8:22:00 PM
From: Rick Boardman  Read Replies (1) of 178
 
Double E,
I haven't heard about anyone dumping large volume of the stock. It looked like a piecemeal selling picture today with very little stock per trade. Some of the selling we see now in this consolidation phase has to do with the fact that we have a few "flippers" that come in from time to time looking for a quick dime or quarter per share betting on their timing of stock fluctuations. Another probability is that there are a number of share holders out there that have owned this stock for years and are selling off a bit here and there which they acquired for 50 cents or less. Hard to blame them with profits like they have. Personally, I am glad to see some of the cheap stock get out of the picture. I am still licking my wounds from an experience I had last year with another stock, Rochester Energy, which got hammered last year on good news when all the cheap stock came out. It turned a nice sustained runup into a "one day wonder".

From what I heard today, the show was fantastic! Apparently Luxor reps had put together a demonstration of the IBS 2000 and showed its characteristics head to head with a floor system not using the IBS. I had to call numerous times today to get through to the corporate office. I like that phone busy! Budd said that there have been numerous inquiries today following the show and that several builders at the show saw the product for the first time and came away very impressed. I hope we will hear more later about the reaction of the Lowes reps, especially the district managers.

Wonder how our Amazon adventurer is faring these days?
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