lcav Message Board - Msg: 5159559

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Microcap & Penny Stocks : lcav

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To: Manny Gugliuzza who wrote (450)	7/10/1998 5:04:00 PM
From: Harry W. Lowe	Read Replies (1) of 942

AR, The news announcement regarding the Summit Technology (BEAM) FTC settlement was the factor that started the current rally. The short term technical indicators didn't show it, but the intermediate and long term indicators were buy-hold. To calculate the measuring objective for this rally, the width of the current pennant is $1.4375 (the total price trading range of 4/17/98); when added to the breakout price (7/8/98 apex) of $2.97, a measuring objective of $4.4075 is calculated. It is important to note that the next significant high is $4.1875 (highs of 7/17-18/98). With today's close at $3.4375 on 103,000 shares, all momentum indicators (MMI) and technical indicators are in a buy configuration. So look for a move in LCAV to $4.4075 and where it goes from there will have to be determined. A fun ride and a profitable one, and only just beginning its long trek upward. Harry

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