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


To: RCDTD who wrote (910)9/22/1999 1:18:00 PM
From: Devil's Advocate  Read Replies (1) | Respond to of 2484
 
The company is doing a fine job, if you ask me. I was referring to other participants doing promotion, like canadian stock brokers. It would be sad to see this one turn out to be a pump and dump.

Hope I'm wrong.



To: RCDTD who wrote (910)9/23/1999 1:11:00 AM
From: Fred McCutcheon  Read Replies (2) | Respond to of 2484
 
<<Call it promotion if you'd like. I prefer to call it a small part of corporate marketing strategy. DELL,
Microsoft etc.... has news about them everyday. No one's accusing them of promotion. It's called
"marketing".>>

Two small but subtle differences between LUMM and DELL, Microsoft etc....

(1) They provide financial disclosure so that the market can assess their promotion against a base of facts.

(2) They are marginable stocks so that contrary opinion can express itself by going short if it perceives a gap between market price and reality.

It will be interesting to see what happens when the NASDAQ listing that everyone is looking forward to happens. Then the differences above will go away, for better or worse.

Fred McCutcheon
"The Latin for 'open your mouth and close your eyes' is Prospectus" -- Dogbert