Replies to post #244 on Luminent Mtg Cap Inc (fka LUMC)

[designerportfolio]

a double bottom in the .3x's would be nice though--then hold for a 10-bagger; however, i think .55-.60 may be this weeks bottom for a bounce up

[Old Timer]

The volume has been declining steadily since the big drop below $1.00. It would appear that those that wanted out have done so and I would expect this to consolidate at our current level awaiting some kind of catalyst to move it again. Dropping into the 30's seems highly unlikely to me at this time, maybe the 50's on low volume.