Hi guys. what opinion do you guys have on LUM? They dropped like a rock during the credit crisis. Do you think it fell too much? or do you guys think it's worthless?
http://www.elitetrader.com/vb/showthread.php?s=&threadid=100923&highlight=LUM I'd wait for the next BK or 80-90% dip in any credit stock in the next month. I am surprised LUM has made a 2nd run after falling under a $1 recently. I figured they would be pink sheets by now like AHM.
It's a LUMp of crap. It would only be good for some quick daytrading before it's volume dries up on it's way down to zero.