lcav Message Board - Msg: 5526245

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Microcap & Penny Stocks : lcav

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To: Harry W. Lowe who wrote (506)	8/18/1998 12:51:00 PM
From: Harry W. Lowe	Read Replies (1) of 942

To All, Not many posts on this thread when the trend is down. The current price of LCAV as of 12:43 PM EDT is $2 11/32 on 45,100 shares. This is the low of the day. As I noted in my post #506, the next downside objective was $2.5625, well that was achieved on Monday (8/17/98). The next level of support will be $2.00/share (high of 3/17-25/98). A major down side trend was established on 8/13/98 and will continue until we get momentum change from negative to positive. Considering the fundamental factors of this issue, IMO the proposed reverse split and stock option plan are continuing to depress this issue. Also the bear trending market averages are having a depressing affect on the Eye Care Sector which is not helping LCAV. Considering that both fundamental and technical factors are negative, I do not see a need to accumulate this stock for the present. Will continue to monitor LCAV and advise when conditions improve. Harry

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