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LUM 2.3¢

rising strongly

  1. watso

    20,221 Posts.

    the market has been down strongly, over the past two days. one stock which is going against the trend, is LUMACOM. the turnover is increasing, reaching a respectable 3/4 million for the shares, and 300,000 for the options. i hope that the people buying, know what they are doing. i have no idea, except for what i have read in the company reports, and the newspapers. the managing director ( i think it was him), said that for every sale, they make, it should add 10c to the share price. who knows, maybe that figure is a bit optimistic. with so many cities in the world, and so many buildings in each city, the market for advertising is huge. the comapny would only have to snare a small percentage, to be hugely profitable. i ahve seen the product in perth, and it looks good.

    the share has already risenstrongly in the past month. i bought a long time ago, and saw it as a stock that could be a 10 bagger. i was almost going to sell, when they were running out of money, but i have held on

    it is worth checking out the company reports, and work it out for your self. i see it as a spec play, with huge potential.

    caution - spec plays a not for the faint hearted, and it is easy to loose your money

    happy punting (or investing) - all lum holders

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