Wednesday, October 29, 2008

Bookkeeping: Taking some Luminex (LMNX) Profits

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The casino action continues - I added to Luminex (LMNX) Monday in the mid $14s. It fell yesterday to the mid $12s. Today its north of $17. Nonsense - all of it. I'm cutting my 1.9% stake down to 0.4% while watching in shock and awe at the moves out there. Tomorrow it could be up 20% or down 20%. Depends if the marble goes into a red slot or black.

We mentioned Las Vegas Sands (LVS) yesterday; it is up 100% today. How appropriate that a casino stock acts like this in a market that has turned into a literal casino.

Long Luminex in fund; no personal position


1 comments:

badrkhan said...

Check out MTL too. Their stock is up 125% since you saw it last time. It is trading at $9 from $4 few days ago

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