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Microcap & Penny Stocks : lcav
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To: philip maun who wrote (52)7/16/1997 5:30:00 PM
From: Harry W. Lowe   of 942
 
Phil,

Thanks for the report.

Today's activity was inconclusive as to the affect that this news item had on the stock.

The recent price/volume activity does show accumulation with less than enthusiastic volume. So this tells me that there are buyers out there with some hope for the company. The question is, "are these buyers aware of the fundamental dilemma of the company"?

I am still long the stock, but will be ready to "bail out", should the TA picture change.

Thanks again for the report.

Harry
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