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Technology Stocks : LUMM - Lumenon Innovative Lightwave Technology Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Herc who wrote (734)9/8/1999 8:48:00 PM
From: gilderite  Read Replies (1) | Respond to of 2484
 
I've been sucked in by OTC-BB hype before...There are lots of good storys in the big city, however few turn into best sellers.
LUMM has had a great run up lately. By the looks of things, it's hype that's driving it right now, because there hasn't been any MAJOR news or developments that would double the market cap in a few short weeks.
These small cap companies are so easy to manipulate; once the short sellers start in, the stock can just as easily go the other way in the same period of time. I'm not suggesting that LUMM is all smoke and mirrors, I'm just being cautious.
I'd rather pay $20.00 for a stock with sales,patents or orders pending than $8.00 for a stock with a good story.