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Microcap & Penny Stocks : lcav

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To: cbfromli who wrote (9)5/2/1997 1:41:00 AM
From: Harry W. Lowe   of 942
 
Carlos,

I watch about 250 stocks, but MIOA isn't one of them.

If you don't mind me asking, how long have you been an investor in the stock market? Do you consider your self a fundamentalist or a technician?

I have been investing in the stock market since 1962. At first I endeavored to be a fundamentalist and did quite well in bull markets. But, in bear markets I lost more than I had gained. A very successful investor/broker recommended that I study the technical side of investor/trading. In addition to develop strict rules of trading, which protect the principal amount of capital.

I have also discovered that the individual must be totally responsible
for his(or her) investment decisions, and this requires dicipline.

I have also learned not ot take the advice of a stock broker or other pseudo "market experts", and I have learned this lesson the hard way.

Money is to be made in the stock market, but success comes hard.

Lcav is in a sell off mode. Look for a three wave decline and then a double bottom pattern. Watch this thread and I will try and advise when I see the next up upward trend.

Regards,

Harry
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