lcav Message Board - Msg: 2116611

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Microcap & Penny Stocks : lcav

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To: Jim Mac who wrote (85)	9/4/1997 3:40:00 PM
From: Harry W. Lowe	of 942

To Jim and All, LCAV has been in a sell off phase since 8/6/97. A rally attempt failed on 8/25/97. On the daily charts the short and intermediate momentum (MM) indicators are in a sell configuration, however the long term MM indicator indicates hold; stochastic is sell; OBV and RSI are in negative trends. Current upside resistance is $3.125/sh; Primary support $2.625 and then $2.50. The weekly charts show accumulation activity with MM indicators in a buy/hold configuration. It is possible that this issue will move down to $2.625. If this support is penetrated, a move to $2.50 can be expected. Altough the lack of volume has adversely affected LCAV, any increase of volume of late has gone to the sell side. Viewing the Eximer Eye Care stocks will show most if not all to be in a declining price trend. Considering the bullishness of the general market, not much support has gone to this group of stocks. Short term traders should out of this stock. Long term investors should hold, and wait for further buy signals to add to their positions. I will continue to monitor this issue and give advisories as required. Harry

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