Apologies for the new alias but smuggler has managed to have yet another one of my nick's banned. He is a serial pest but for some reason, hotcopper think he smells like a rose.
In regards to LUM another thing I like is that this company have not tried to ramp themselves now for several years. Particularly under the new management they are very much sticking to the facts, delivering encouraging results with the quarterly reports and winning a few new contracts here and there. As has been pointed out a few times before, cheap stocks in the 1-2c range generally have billions of shares on issue which can make them hard to move. LUM only have 240 mill, if they come out with an announcement that the market likes this could be a big mover.
There are still a few stale LUM holders out there but I know that whilst they may be seeing the glass half empty there are others on the sidelines that now see opportunity with this stock. Volume is the key, it really needs 50-80 million to go through it in a day to flush out all of the old deadwood sellers and get new shareholders involved with a fresh perspective. That will then lessen sp resistance going forward. If it can get past 3c that should signal a change in sentiment i think.
Apologies for the new alias but smuggler has managed to have yet...
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