Lawrence Savings Bank LSBX Message Board

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Non-Tech : Lawrence Savings Bank LSBX

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To: Jim McHale who wrote (51)	5/9/1997 8:41:00 PM
From: Phil Rogers	of 98

I was reviewing the chart tonight. I may be over reading, but I see some encouraging signs from a TA standpoint. Hopefully, I am not misreading, due to my own eagerness to see 12 or 14 soon. When charting price and volume, with a curve representing 30 day average volume, it is clear that the volume is slowly, but surely, drying up, to a point not seen since last October. This is occurring, while the price has a very slow decline. This is all after a very long (about 4 month) period of consolidation. This may suggest that the last of the people willing to sell at the lower prices in the 9 to 10 range are being weeded-out. If this is the case, we can expect an explosive pop in the price. Again, I might be over reading. Take it for what its worth. Comments welcome. Phil

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