lcav Message Board - Msg: 3757260

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Microcap & Penny Stocks : lcav

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To: Chuck Todd who wrote (233)	3/18/1998 6:14:00 PM
From: Harry W. Lowe	Read Replies (1) of 942

Chuck, I don't know anything about the International Card investigation, or its possible affect on 'LCAV', but the technical indicators show a "good accumulation" pattern. This stock must hold above 1.45 to stay in a positive trend. There was a breakaway gap opening on 3/14/98 with the a low of 1 21/32. The previous day's high of 1 7/16 would mark the lower boundary of the gap which might or might not be closed. At any rate 'LCAV' should penetrate 1 7/16 on a closing basis in order for the current rally to be sustained. The encouraging factors about this accumulation period is that the average volume is 131,383 shares. This would suggest institutional interest in the issue. You are right when you observed upside resistance a $2.00. Once that is penetrated, look for a test of $2.50 then $3.25. At the present time this stock represents a good buy on all pullbacks under $2.50/share. Harry

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