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Microcap & Penny Stocks : lcav
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To: BARRY ALLEN who wrote (464)7/23/1998 12:02:00 AM
From: Harry W. Lowe  Read Replies (1) of 942
 
Barry,

Thanks for the Second Opinion report, it confirms my technical analysis. Take special note of the Recommendation:

"STOCK IS A SHORT CANDIDATE IF YOU ARE LONG; CLOSE POSITION OR MONITOR STOCK CLOSELY"

However, I don't think most brokerage houses will let you short a stock under $5.00, so I wouldn't worry about shorts; but I do believe there is a high probability for LCAV to retest $2.75 (see my last post). This drop in price should trigger buying in the stock, the question is how much buying.

One other concern is the market averages will take a major drop in August, and this is not the time to take long positions. The only chance we have now is that the earnings will sustain a rise in price and we can get out with a profit. LCAV will go higher in the long run, but there are just too many negatives at the present time to encourage more demand and less supply of stock.

I hope that this helps.

Harry
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