pablo4
Bullish
now
$LUMO I think we now have evidence the insider window closed. Actually, the buying continued for 4 weeks and that is amazing, period. So, here we are with a company with almost 13/share of cash trading well over 20% below cash and an insider who bought 325000 shares, accumulating them each day for 18 straight trading days, then skipping one day, followed by a 19th day of purchasing. LUMO was technically overbought due to all the day-after-day upward price pressure from the insider buying. So, settling back on fairly low volume isn't surprising except that whoever is parting with shares is likely making an unfavorable decision for what's ahead in coming months. If the stock for some reason takes out some stops to test the 50 day MA, I'll be there waiting to take full advantage. IMO
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