re: is this a short? pandemonium reached fever pitch this morning, as the share price of lumacom edged higher on sus news. savvy investors, sophisticated investors, big investors, small investors, and just plain stupid investors, all joined in the fun, as even more savvy investors, more sophisticated investors, and smarter investors, unloaded their holdings.
watso simply admits to being stupid, and will not buy anymore of this dog - but will be looking for an exit strategy
frankly - this all looks like the share capital is starting to blow out - not a good sign. perhaps if i was not in, i might be tempted to buy - maybe yes, maybe no
lum should have been making placements, when the demand for the shares was a lot stronger - about one year ago - but the real savvy holders were getting out - eg the salas, the piano man, and golden deeps (ged)
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