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LUMINENT MTG CAP INC Message Board

  • sukmysak_beyatch sukmysak_beyatch Nov 2, 2007 11:09 AM Flag

    No surprise here......

    Been on vacation in Tahiti and did not look at the market once. LUM sitting below the 50DMA of $1.88 and it a appears as though this entire sector is getting destroyed.

    The net net: Margin calls are prepetuating the selling. Investors would rather peel off LUM, TARR, AFN, FMT, IMH etc. then sell their beloved AAPL RIMM VMW ISRG BIDU FSLR etc. Get used to it, more downside is possible unless LUM can come out with some news or spectacular earnings. Not accumulating anymore- just holding now.

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    • I hear that! At this rate, <$1.0 by years end! Averaging down again.....................

      250k shares at 1.0 1st week of 08. Sell for 4+ mid 3rd qtr.

      thats how it's gonig to happen! Does everyone believe this sector will be getting bitch slapped much longer? Could be an easy mil profit to be made if all is times correctly...

 

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