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Microcap & Penny Stocks : lcav

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To: Harry W. Lowe who wrote (60)8/1/1997 1:54:00 PM
From: Harry W. Lowe   of 942
 
To All,

LCAV is still in a intermediate to long term hold situation. The short term momentum indicator gave a sell signal. The down side supports are $3.525 and $3.25 respectively.

Stochastic indicator is buy/hold; RSI positive trend. The Elliott wave analysis given in my last post (this thread) is still on target with wave 5 forcast at a price high of $4.875/sh.

With the assumption that all technical and fundamental data are favorable, the investor/trader should add to their long positions on any price pullbacks to the $3.25-$3.375 area. This issue must get above $4.125 on good volume to move higher.

It has been noted that other Eximer Eye Care stocks show signs of accumulation. If Dr. Joffee's plans to continue expansion with more clinics, LCA-Vision should be a leader in the industry, in which case this might be a stock to add to your long term portfollio.

Again, the opinions give by the writer are not to be construed as a guarantee of price performance of this issue. These are strictly the opinion of Harry Lowe (right or wrong).

Will be out of town until 8/10/97.

Happy Trading,

Harry
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