3SOF

    how did we miss this???

Oct 16 (Reuters) - Lumera Corp. (LMRA.O: Quote, Profile, Research) on Monday said it successfully tested a wireless system that enables transmission of large amounts of data through high-speed telecommunications networks.

Shares of the company scaled a year-high of $5.49 before closing at $5, up over 200 percent, on the Nasdaq.

In a statement, the nanotechnology company said it expects to complete the development and testing of its multiband, millimeter-wave wireless communication system in mid-November.

The company said potential applications for the technology includes enterprise campus connectivity, local area network extension and distribution of high-definition video.



The technology could be used by government agencies as a high-data-rate wireless bridge for use in disaster recovery applications and by universities to transmit data, Lumera said. (Reporting by Mehul Shah in Bangalore)


© Reuters 2006. All Rights Reserved.



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Up another 15% today.
Jeez...look at the volume 
Applude!!

LMRA keeps going.

Another breakout today.

The saga continues. I remember IPIX went from $10 to $27 in two hours back in April 2004. With a low float, huge news, (and crappy fundamentals), LMRA has the potential to repeat that episode.

It went as high as 8.44 and closed at 666 ?  .
Something looks fishy. looks like a major dump at the end of the day.

Nothing fishy. This is a low-float stock. It's meant to be volatile. Yesterday was a daytraders' day. Accumulation (about 4 million) and price (mid $6) remained the same as Thursday's close. It was essentially a repeat of ACOR last month, or IIJI last summer.

The future of the stock and the company hinge on this new technology, and the insiders have much more to lose than the speculators. So the heavy trading will certainly continue for a while, since story will last at least till mid-November when they have more test results. 

LOL

Love the markets, dam if you do jump in and dam if you don't.....

I was dissapointed Friday morning that I didn't pull the trigger at $6.60 only to see it shoot up thru $8+. But I have to admit, that the last half hour only shows how in trouble the shorts are on this and I happily purchased near the close..........

Lets see, in a half hour 3 million shares brought it down $2 bucks..........No way will this last IMHO, look for a sling shot move when the dust settles to the upside.............

If PR comes out, lookout...............

NEW 52 WEEK HIGH TODAY  !!!!!!!!!! 

Still going up in after hours  9.05. Ive been watching this one for awhile and never could figure out which way it was going. its a fast mover.

Short term support was stablized in the last few days at above $6. But the Harvard news was a real surprise to many. Speculators were still digesting the wireless news.

The trend is up. But who knows how high it will go!

Ram

I'm out! I made several nice swing trades on this and now feel like a pig so I'm done!

GLTA...JOdy

Quote from: 422fwhp on November 01, 2006, 10:46:01 AM
I'm out! I made several nice swing trades on this and now feel like a pig so I'm done!

GLTA...JOdy

You should be a happy pig  LOL did you see that quick drop to 8.26?

Smart move Jody. I got stopped out also. Waiting for a good entry point to get back in.

Ram

Out at $8.95.............Nice

I'm back in. A somewhat risky take but I appreciate the strength.

Ram