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LUMINENT MTG CAP INC Message Board

  • tomvecc22 tomvecc22 Jan 23, 2008 1:16 PM Flag

    LUM at these prices is like a perpetual option.

    Comon shorties, hit my bid.

    I guarantee you will not see these shares for at least 2 years.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Get real. The stock is $.58 and you think is a strong buy. Hello. Wake up, take a cold shower and have a few cups of coffee. You know, I know and they know it's a terrible stock. Even IMH has moved back up.

      • 1 Reply to andiesun100
      • I think you should cover. its all over the news shorts are starting to cover their financials. the interest rate cuts are good for financials there will probably be more at end of month. inflation is slowing and oil is down. fed has stimulas plan and are talking about buying up distressed mortgages from financial companies. that will put an new buyer out there which should bring values up a bit and as most financials took huge write downs on those now they are going to be able to write them up huge and the books will look like banks are having windfalls Lum also said they were going to be taking advantage of distressed sales and so I bet they have already bought some and will not only be able to write up their portfolio that they had to write down but now have more to write up. also the lawsuits they have against HSBC and Barclays hae merit. they can be used to pay a really fat dividend. buy to cover your shorts today cause the rally is just beggining. hold on and longs dont sell! we should with the amount of shorts out there and low volume see a possible return to over 3 dollars

    • interesting analogy. Imagine an option, that will never expire, that entitles you to full share holder rights, that will pay for itself after no more than 2 dividend payments, that will let you leverage a stock at maybe 20 times the option price in 2 years, but would pay you 200% in dividends for the foreseable future.

      The BUY of a century, worth waiting for the full story to unfold.

      imho...jw

 

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