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

To: Don Johnstone who wrote (1803)	5/24/2000 11:04:00 PM
From: P. Ramamoorthy	Respond to of 2484

Up 2 on a decent volume! Thought that the price hit a support level on Tuesday. After a minor overshoot to 8-9, it bounced back today, regardless of the insider selling. It may be close to a support level. Interesting to see if it would build a base here or move up. Glad to add more around 9-10. Ram

To: Don Johnstone who wrote (1803)	5/25/2000 9:10:00 AM
From: jjs64	Read Replies (3) \| Respond to of 2484

DJ; I think you are overestimating the value of the name "Goldman Sachs" on an insider filing report like Pat posted. All it means is that some insider had their shares of LUMM held in "Street Name" at Goldman Sachs, or in an account managed by a broker at GS Asset Mgmt. It does NOT mean that GS "likes" the company, or that they are "looking to do banking" or "looking to cover" or anything of the sort. For a good example of this, look at TMRT, a total POS fraud run by Crims from Las Vegas. These crims were wealthy, and they used GS as their broker, for their insider stock. Did this make TMRT less of a scam? No. Buyer Beware!