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Microcap & Penny Stocks : lcav
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To: Harry W. Lowe who wrote (117)12/24/1997 1:40:00 PM
From: Harry W. Lowe  Read Replies (1) of 942
 
To All,

Well it looks like LCA-Vision is'nt going out of business after all.
The activity in the issue for the last few days has shown some decent volume. The stock is not in a positive trend but does show evidence of accumulation.

So, long term holders of this stock can be encouraged to some price recovery. The current recovery is a reflex rally, with expectations of a profit taking sell off to form the second leg of a double bottom buy pattern. This issue will find some stiff overhead resistance at $2.375, and support at $1.46. Those prices should describe the trading range for the present.

The short term momentum (MM) indicators are in a buy configuration which should change to sell in the next few days (short term profit taking). Long term MM indicators are in a negative to neutral trend showing little to no price appreciation for the intermediate to long term.

With the current weakness in the market averages, it is not recommended the any long term positions be taken in this or any other issue until over all market conditions improve. For those willing to take short term trades, money can be made with this stock.

There have been some interesting post on the "BEAM" thread re: LCAV. The following URL is one of interest:

<https://www.siliconinvestor.com/readmsg.aspx?msgid=2738360>

Happy Holidays to All.

Harry
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