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Microcap & Penny Stocks : lcav
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To: Manny Gugliuzza who wrote (486)7/29/1998 3:41:00 PM
From: Harry W. Lowe  Read Replies (1) of 942
 
AR,

I see nothing wrong with your TA and your trading technique. I'm an advocate of short term trading. And, I see no problem with being optimistic as long as you don't let the optimism hide the negative aspects of the price activity.

Ar, your heart is in the right place and that's what is important.

The one thing bothering me with the recent activity in LCAV, that regardless of the very good LCA Vision, Inc. news release of 7/28/98, the rally for LCAV only lasted from 7/26 thru 7/28. All other trading activity in the stock up through today has been mediocre. The technicals in fact indicate share distribution.

Also if you compare the technicals for the other stocks in this sector, all are in decline. You would expect this in a general market decline, and undoubtedly this is the cause. What we don't want to see in LCAV is a drop below $2.75.

Thanks again for you invaluable support of this and other issues.

Harry
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