lum, page-31

  1. 306 Posts.
    let me rephrase-lum buyers are crazy ....and as it turns out I fall under that category.

    initially started at 54 cents- and I got out at 79 cents only to comeback and double my holdings at 70 cents,
    at 50 cents, at 44 cents, at 38 cents at 22 cents- and a few months ago at 12 cents-

    now from a point of view of a sane person if anyone can be excused for being taken for a ride - one would have to be crazy to supports this ludicrous company.

    as it turns out my life does not depend on this garbage bag of securities and given the fact that I'm relatively young and that I still expect to live for another 50 years or so I can find some comfort by the thought that despite my total initial lack of common sense and foresight and the false hope & belief that the company was at least going to do the right thing by its shareholders - I can still hang on of these shares and not have to worry about its total demise in value.

    however not many people may be as fortunate as I am.

    in spite of advice by friends and brokers on daily basis to get rid of these c.r.ap I have decided not to dump my shares for personal reasons.

    nonetheless for those who have more common sense and perhaps better judgment my advice is to read the financial reports with much greater scrutiny before investing your money on these type of cash boxes.

    I would have been better off buying organic fertilizers for my money than LUM.


 
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