2 lug nuts?

Any reason why you can't run two lug nut's on a wheel stud?

The reason I ask, I put new studs in and they are too long. My old stock ones are shorter, My wheels are the chrome Pontiac ralley 2 types, and I have the red tipped lug nuts, They are correct and look great.
I have some chrome regular tapered lug nuts on now, and I put one of my red ones on over it, they look kinda cool.

I need to cut them down, but it's going to be a couple of weeks or so, before I get my cut off tool back from a buddy, and I have 2 show's this weekend.
They won't over tighten will they?
Hopefully not too stupid of a question, but I have never seen anyone do it before, So I thought maybe there was a reason, other then it's not needed.
Bolt in studs, not the knurl type.

If the chrome tapered nuts are torqued properly, it shouldn't make any difference at all what you put on the stud after that. Go for it. :)