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Author Topic: LUM on fire today
Fuzzy1018
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1.10/1.13 now
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Fuzzy1018
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insane 1.20/1.24
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Fuzzy1018
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hit 1.30 wow
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Fuzzy1018
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getting ready for the next leg up imo
1.10/1.14
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fourseven
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Yeah, nice goer this morning..

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the market is not your mother
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Fuzzy1018
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its going much higher imo
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Fuzzy1018
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buying pressure too high for the run to be over here imo
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fourseven
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Seems to be basing around 1.1, kinda lost momentum..

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the market is not your mother
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Fuzzy1018
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quote:
Originally posted by fourseven:
Seems to be basing around 1.1, kinda lost momentum..
creating a new base for the next leg up imo
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adi
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hi, anyone getting on board?
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fourseven
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I'd wait for it to perk up.. maybe 1.15 or so..

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the market is not your mother
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fourseven
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yeah, like it's doing now.. [Smile]

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the market is not your mother
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adi
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Bid / Size: 1.15 / 21
Ask / Size: 1.17 / 1
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Fuzzy1018
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welcome aboard guys; did any1 notice everytime we go up they flast $3.00 ask. It happened like 4 times since the morning
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fourseven
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Fuzzy.. wasn't sure if it had upside potential.. this last little bump convinced me. I'm staying, with a trailing stop loss in place. GLTA!

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the market is not your mother
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Fuzzy1018
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1.18/1.18
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Fuzzy1018
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quote:
Originally posted by fourseven:
Fuzzy.. wasn't sure if it had upside potential.. this last little bump convinced me. I'm staying, with a trailing stop loss in place. GLTA!
GL to you aswell, alot of upside here imo. I'm holding tight in at .80
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fourseven
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1.20 resistance right now

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the market is not your mother
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Fuzzy1018
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yea, might see a lunch time dip before it goes up
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lostone
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quote:
Originally posted by fourseven:
Fuzzy.. wasn't sure if it had upside potential.. this last little bump convinced me. I'm staying, with a trailing stop loss in place. GLTA!
i couldn't stay away.. saw it at .83 this morning.. anyway, also TARR doing the same, except it's a bit later than LUM, and believe it or not HMBN did 50%+ earlier, but at pennies.. lol.. glta..

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lostone
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Jo4321
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sorry wrong thread

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"Great Day for Up!"....Dr. Seuss
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10of13
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Has anyone read all the filings and what not on this? Almost sounds like what LEND went through a few months ago...

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#1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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10of13
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looks like they are also filing late..
http://pinksheets.com/edgar/GetFilingHtml?FilingID=5360390

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#1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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fourseven
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Crap. I put a trailing stop loss at .07 around noon, and the stupid thing did not kick in all day. It should've sold at ~1.30.. why wouldn't it trigger?

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the market is not your mother
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ed19363
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Because bankruptcy is right around the corner???

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If I give you bad information, please feel free to sue me. I have nothing left anyway.
Ed
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fourseven
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I spent some time on the phone with the reps, trying to figure out what went down.. These kinds of orders only work on primary markets -- and usually the brokerage indicates that.. for example, trying to put a stop loss on a p.o.s. pinkie will result in a "the order you're trying to place is not applicable to this security" message. But LUM is a big-board stock -- or was.. in the sh\itstorm of recent few days, it got knocked down to trading on tertiary markets.. where these orders are not available. Long story short, I've managed to slip through a crack in the system.. to my disadvantage.

Anyway.. I'm still holding, just because it looks like I might grab a profit off it after all. This time though, a plain vanilla market order [Razz]

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the market is not your mother
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fourseven
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Hm. It's not dropping. It's been hovering between 1 and 1.05 all day..

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the market is not your mother
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fourseven
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Eek. I'm out at 1.0 .. nothing happened.

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the market is not your mother
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fourseven
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Today again: .89 to 1.17 ... in yesterday at .87, out today at 1.15, nice and clean.

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the market is not your mother
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relaxed137
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Holy crap! 1.40 in PMT?
I wish I had some to short at this price, whats up???
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Ace of Spades
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LUM (NYSE) Dreier LLP Announces Class Action Lawsuit Against Luminent Mortgage Capital, Inc. (LUM)

http://biz.yahoo.com/prnews/070823/nyth031.html?.v=101
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stkpikr
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tough resistance level here at 1.27ish
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fourseven
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Nice morning, eh? I wish I held overnight.. but with these troubled lender stocks, you never know if it's gonna trade the next day [Smile]

Looks like it's settling on support at 1.20 .. totally gapped over the magic number, but comes back to it.

If it does hold above 1.20 until next week, I'd start looking at that big gap from the first week of August.. who knows. It might try to fill it.

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the market is not your mother
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Fuzzy1018
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Gap filled, picked up some at $1.25
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Fuzzy1018
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1.25/1.26 now
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