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Microcap & Penny Stocks : lcav
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To: Harry W. Lowe who wrote (61)8/11/1997 1:23:00 PM
From: Harry W. Lowe   of 942
 
To All,

I'm back from my short vacation, and ready to trade this market. A lot has happened to the "market" which should cause some profit taking (for those who have profits).

What ever one thinks of this market, all should agree that prices for a majority of stocks are at an all time high. For those investor/traders who have never been through a bear market, and have a "buy-hold" strategy had better have a long "time horizon" and quality issues. Otherwise profits should be taken with the objective to free up cash for stock purchase at lower prices.

What has all of this to do with 'LCAV'? LCA-Vision should weather a down turn in the market. At the current price the stock can be accumulated at an expected trading range of $3.375 to $4.125.

At the present time (12:45 EDT) LCAV has a high of 3.75; low 3.625; last 3.625; on 1,900 shares. Primary support is $3.625, if that gives way expect a test of $3.375. Upside resistance is $3.75. The price must rise above $4.125 with increase in volume to continue its upward advance.

The short and intermediate momentum (MM) indicators are sell and the long term MM indicator is hold. The stochastics; daily is sell and weekly is buy/hold. OBV is neutral while the RSI is in a positive trend.

What is needed to move this issue is an increase of volume.

Will continue to monitor LCAV and advise this thread as to my opinions, right or wrong.

Glad to be back and would appreciate your comments.

Regards,

Harry
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