AR,
At the risk of exciting the wrath of the fundamental purists, I will summarize today's trading in LCAV as follows: Take it or leave it, but don't condemn it unless you can do better.
Today's action in LCAV should be of no surprise to those following my posts. All momentum indicators (short, intermediate, and long) have been in a sell configuration for over a week. I would not advise a purchase of this issue until we get an indication of money moving back into the stock.
Should today's low of $2 23/32 ($2.7185) be penetrated, look for a move down to $2.29 (233 day WMA). As attractive as these lower prices are, don't commit funds until a turn around is confirmed.
In the mean time take a good look at Barry Allen's post #398. This is an excellent post, and worthy of consideration.
Thanks again AR, for your vote of confidence.
Harry |
