lcav Message Board - Msg: 3236214

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Microcap & Penny Stocks : lcav

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To: Rob J who wrote (167)	1/22/1998 9:09:00 PM
From: Manny Gugliuzza	Read Replies (2) of 942

as with all trading what we expect might happen is usually different than what we really think will happen. kind of like listening to music or really hearing it, looking at charts but really seeing what goes into them that creates them. Fa and Ta are both involved and we have nothing else to rely on unless you have inside info. "mental funding" as i have described really comes down to show me the money, eps, etc., and do not just tell me your doing better. i think most of the news is out till the next quarter. 9 million more shares to be traded and procedures are up big over last year. i really think this move is pure technical but may also be fueled by a fundamental assumption(very dangerous) that earnings should improve with procedures being up. anaylsis may not be vaild for this as a short term move but since this is all i have to work with right now i am putting my mental notes here(seems like i am talking to myself sometimes) for all based on the little TA that i have been able to find for lcav. 10 to 20 day moving average rising to 1.35 and converging failure to take out new high today and no close above 50 moving average may trigger sell off. this is also a failure to break thu resistance level of last rally at 1.87 nb all tech are intact. i am looking for pull back in consoildation form,ie. like triangle up flag as we saw at the bottom of this rise, between 1.50 and 1.70 new triangle up flag here could produce same move we just had. put in sell order today at 2and5/16 this AM expecting a trade day like yesturday, day order only not even close. i think a 50 to 60degree vertical rise is much more sustainable for long term traders and as harry said this could be a few months. i suspect as long at least as it took to get to the bottom from 4$ a share still want to be holding this with a close above 50 day ma which is still at 1.75 stop sells maybe about 1.25 1.30 any break below the 20 day ma will sell off big. this is rising. watch close, especially with other tech for breaks. ar.

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