lcav Message Board - Msg: 5960746

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Microcap & Penny Stocks : lcav

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To: Manny Gugliuzza who wrote (554)	10/8/1998 4:55:00 PM
From: Harry W. Lowe	Read Replies (2) of 942

AR, What is the old saying, "in a bear market they take the madam out with the girls" (or something like that)? VISX is coming down with the rest of the Eye Care stocks. Too bad these were good stocks, but in bad economic times. As I have said in past posts on this thread, regardless of the good fundamentals, the technical indicators have been showing on balance selling in this sector. LCAV should test $1.125 (low of 9/1/98) and possibly $1.0625 (low of 2/28/98). All of my momentum indicators (MMI) are in a sell configuration. From the lack of posts on this thread, it would seem that the bulls have gone south. Is this the time to buy, I think not, just too many negative factors facing our economy. Would like to hear from you from time to time to see what you are up to. Harry

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