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Microcap & Penny Stocks : lcav

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To: MCorbley who wrote (13)5/5/1997 12:09:00 AM
From: Harry W. Lowe   of 942
 
Michael,

This recommedation from Red Hot Stocks was responsible for the sudden strength in LCAV. I have been trading this issue since it was listed on the NASDAQ, and agree totally in the report.

The stock is in the accumulation phase, however this recent high volume runup and subsequent sell off will take time for the stock to stabilize. I would watch for a double bottom pattern before taking a position.

This report you mentioned was to be released to the public on 5/2/97, so lets see what affect it has on the stock.

Regards,

Harry
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