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Microcap & Penny Stocks : lcav

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To: Rob J who wrote (183)1/27/1998 11:08:00 PM
From: Manny Gugliuzza  Read Replies (1) of 942
 
rob ta don't do dat. but anyone buying or selling with large blocks
can influence this stock. of the 12 million shares we are only seeing
what 2% per day? so you have 40-50 thou on sell or buy side makes the swing like the past days moves.

today looked like a reversal day however the volume at the end was pitiful that brought it to the close almost like more summit share holders 200 - 500 shares all ticking down

double top resistance and failure to close above 100 day moving average. close is just at 50 day ma. if this does not hold the 10 day ma at 1.43 and 20 day at 1.25. these are simple ma expos are higher

if the stock price will not hold above the last false start top at
1.87. then probably look for 10 or 20 day ma area.

also to support this is the bollinger bands. using 3-5 day bottom areas. 3d 1.50 - 4d 1.35- 5d 1.15

long term uptrend line i have drawn from .59 cent bottom jan9th up to the jan16th bottom trading day has a touch point tomorrow of 1.35 and about .05 up each day.

going to try for the 1.35 since this is about average from the charts i found. good chance for the 1.50 to be taken out may split up the purchase.

ar.
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