dare i say words of wisdom..., page-30

re: blueballs Oak,
Yes I know a little on LUM.

My post regarding the old contracts was to stolwyk...he never replied though.

The market knows about all these deals...they are as say you say months old...the main thing though is that LUM is now worth half of what it was a few months ago.

People price in a lot of those announcements coming to fruition..they speculated LUM had closed the deals and that the signs would be up.
Nothing has really happened since then.
LUM also claimed that it had another 50 potential deals...hardly anything has happened and this is why the sell off.

Now people already know of these deals...when the signs are erected and lums price starts moving up people may beleive a little more in LUM.

Remember though that because these deals are already known they prolly wont have that big an effect on the share price...it like the buy on rumour sell on fact story.

Even if LUM was to announce a few more signs next week I still doubt it would have that big an effect on the share price as people are waiting to see the other deals fullfilled.



Anyway my posts werent specifically on LUM as I pionted out bar the one directed to stolwyk who was looking for a bite.

Herein lies my point...when I was trading LUM there were a lot of rumours flying around about deals...this was before anything got really started...these rumours came from quite good sources and proved to be correct.
At the same time these rumours were being out around lum's share price was rising...inside info.
This make me think that the guys running LUM have quite large mouths...if you know what I mean.

Now LUM is falling and on friday it a monthly low...this tells me that either the people in the know at lum have tightened their lips about positive potential deals or maybe have opened their lips about deals falling through...this may be a reason for the share price fall.

So my point with the first post was that the rumours..innuendo...facts...lies etc etc are more often than nor reflected in the graph of a stock.

LUM is currently in a downtrend.

I have no interest in buying LUM in the short term...nor do I have a great interest in trying to talk the stock down...just use it as an example...

Please re-read my first post where I discuss LUM and why.


hooroo