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

To: P. Ramamoorthy who wrote (2174)	1/30/2001 9:15:55 AM
From: John Curtis	Read Replies (1) \| Respond to of 2484

Yup. Soooooo.....having tracked Castle for a bit of time it's apparent part of their repertoire, their "MO" if you will, is to find young starter companies with an enticing story who're desperate for cashiesh and relatively naive about financial markets. You get them hooked and proceed to rape....uh....rake them over the financial coals because you care less about them. It's all about hitting your projected rate of return for YOUR fund investors. And maybe during the raking you try to strong-arm management who may, by that point, be looking for a way out (I'm thinking of another equity we both follow in this regard). If that doesn't work.....oh well....nothing ventured....nothing gained. A parenthetical aside here. It's no wonder the "retail" shortster community, particularly as represented by various pseudonyms on SI, Yahoo, et.al., follow Castle. It's like remoras to a shark feeding. They're damn near guaranteed to get theirs, too, while the big boys/girls chow down. Ahem Anyway, once you've gotten the company's equity to the point of squeezing blood from a stone you remain holding some small percentage of your original stake and then go on to the next "prospect." 'Course..by this point the young company's equity has been severely scorched in the eyes of the market place, to the point the market decides it needs to see the proof (earnings flow) to the underlying story before proceeding further. This might be where LUMM is at currently. If so I'd say they've survived the process (but probably learned something along the way about the cannibalistic nature of certain-hedgie styled-market financiers) and will now trade side-ways until their story truly takes hold and flowers. It could be a time to establish a longer term speculative position. ;-) Uhhh...and all of this is IMH conversational opinion. John~