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Microcap & Penny Stocks : lcav
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To: philip maun who wrote (20)5/8/1997 1:29:00 AM
From: Harry W. Lowe   of 942
 
Phil and Carlos,

You will have to forgive my abrupt style anf frank statements. I tend to challenge people's ideas to cause them to think and thereby learn.
But in this process egos are affected, especially when someones heart felt beliefs are questioned, and that's unfortunate. Again, I mean no disrespect for ones ideas in investing, I will keep my critical appraisal to a minimum. If what you do is successful stay with it.

As to LCAV, with today's move to $4.875 (low and close) look for and ultimate move to $4.25. What I expect is the first leg of a double bottom pattern. The short and intermediate momentum indicators are negative, which tells me that positive affect of "Zacks Hot Stock" news release has diminished.

If the price drops below $4.25/sh. (on a closing basis) we might see a drop to $3.50. Time will tell so be patient and wait for the buy signal.

Regards,

Harry
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