lcav Message Board - Msg: 5192072

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Microcap & Penny Stocks : lcav

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To: Manny Gugliuzza who wrote (453)	7/14/1998 3:57:00 PM
From: Harry W. Lowe	of 942

AR, All technical indicators are in a buy configuration, but not much activity in LCAV. Most of the other Eye Care stocks are doing well today, and I'm sure that LCAV will go eventually. The main obstacle to upward price movement, as you have noted, is the resistance at $3.50. The quarterly earnings is due out in August which should be good, and will push the stock over $3.50. Expect a move to $4.25 before any significant pullback. Where LCAV goes from there will depend on the strength of the earnings. If you will note, each upside breakout of this stock is concurrent in time with the quarterly earnings. Harry

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