lcav Message Board - Msg: 5133615

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Microcap & Penny Stocks : lcav

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To: Manny Gugliuzza who wrote (447)	7/8/1998 4:45:00 PM
From: Harry W. Lowe	Read Replies (1) of 942

AR and All, The sell signal given for LCAV yesterday was followed with further weakness today. LCAV closed at the low of $2 31/32 on 50,200 shares. All short and intermediate technical indicators are in a sell configuration. Look for further weakness with a test of $2.875, which was the lows on four recent occasions. If this price support doesn't hold look for a move to $2.75. The recent drops have been with low to moderate volume (40,000 to 60,000 shares). What is needed to firmly establish a support is a selling climax with high volume greater than 200,000 shares. What would help this stock would be a good quarterly earnings report, does anyone on this thread know when the next one is due? Harry

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