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Microcap & Penny Stocks : lcav
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To: Manny Gugliuzza who wrote (424)6/19/1998 3:49:00 PM
From: Harry W. Lowe  Read Replies (2) of 942
 
AR,

Good call on LVCI, nice breakout.

As for LCAV, all momentum indicators in a sell configuration. Minor indecision pennant broke down on 6/16/98 with a sell signal. With increasing volume, we should see some down side action soon. Look for a test of the previous low of $2 23/32, and if this is penetrated a test of $2 9/16 is probable.

Avoid the temptation to buy at these lower prices until a trend reversal is confirmed.

Harry
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