LUM 0.00% 2.3¢ lumacom limited

dissapointing

  1. 1,387 Posts.
    I must say I'm dissapointed with the sp of LUM today...

    Could it be the buyer of those 5m shares on Wednesday is hedging their position slightly and taking some profits (being that the deal was done at 30c)?? This being the case you would think that 30c would be a rock solid base (not that I think it will get there).... if my theory is correct we should see a strong rise when their happy with their position.

    If anyone has any broker buddies maybe they could get some info as to where the selling is coming from.

    Im still bullish on LUM but I must admit this 5m special crossing has spooked a few people.

    I accumulate.

    just a theory but a theory nonetheless...
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.