GrandPoohba and All,
<WHAT sell signal???????>
GP, I don't know how proficient you are in technical analysis or in fact what technical program you are using. Your statement, "There is NO INDICATION of any sell that I am aware of", would tend to assume that you are at least aware of the subject. In which case you should be able to understand what follows:
I have been in the "market" since 1962, and a stock market technician, teacher, and lecturer since 1972. I have been trading LCAV since it was an OTC BB stock, with great success. I am a short term trader, and will take profits when and where I can find them. For your information, a buy signal was given on 4/7/98, assuming that you bought at the closing price of $1.75 and rode the stock up to the first short term sell signal on 4/21, and sold at the close at $3.75, your profit would be 114.2% or your $10,000 trade is now worth $21,420.
On 5/4 a second sell signal was given, a sell at the close of $3.625 would still give you a profit of 107%. A rally failure occurred on 5/6, followed by a sell signal on 5/7. I use short, intermediate, and long term momentum oscillators to derive my buy and sell signals. They are basically a combination of Weighted Moving Averages (WMA). the moving averages are Fibonacci numbers (i.e. 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, etc.); but in essence, the results of summing a lower WMA with a higher WMA captures, and is representative of the momentum (in time duration and amplitude as well as ascending and descending trends) of the trading activity. Careful analysis of the resulting short, intermediate, and long term oscillator patterns, give unmistakable buy and sell signals.
Using intermediate to short term stochastics: 21 days %D with 4 day ma, buy @ $1.18 on 3/10/98 and sell @ $3.96 on 4/21/98.; 13 days %D with 4 day ma, buy @ $2.46 and sell @ $3.96 on 4/21/98.
Using 8 day Williams R.S.I. sell @ $3.53 on 5/5/98. Using O.B.V., buy on 4/7/98 @ $1.75 and sell on 4/21 @ $3.96 and 5/5 @ $3.53. The name of the game is, "MAKE A PROFIT", and don't be willing to ride the stock up and down without capturing the gains and avoiding the losses..
I assure you sir that I am not one of those "after the markets-close sell signal" pundits, given to second guessing. What I do, I do deliberately and with careful planning.
I agree with your statement, "The fundamentals have not changed one bit", to the degree that the long term prospects for LCA-Vision look very good. If you look back at my previous posts, you will see that I am an enthusiastic long term supporter of this company, but that doesn't mean that I have to suffer every decline in price.
My question to you is, "what does the fundamentals have to do with the moment by moment price swings in the stock? When a stock breaks out to the upside with large volume, there will be excessive price moves, both up and down. This is caused by supply and demand forces.
Price volatility is a factor of supply and demand, period, and not fundamentals!
Someone in a later post made the observation, "this stock is wayyyyy over sold". Again, over bought, over sold are relative terms. Who is to say how much over bought or over sold actually is. In the continuum of over sold to over bought, each term is a variable, subject to change in either direction, all controlled by supply and demand. The best technical indicators for determining the over bought vs. over sold conditions for the stock are; Point & Figure charts, bar charts with stochastics, support and resistance trendlines, and R.S.I. But, again these tools will only give you an approximation of the extremes of price movement, and not precisely when the price will reverse.
We all can make money with this stock, but let us be willing to take profits at peaks and buy back at the dips, you will be richer in the long run.
Harry
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