lcav Message Board - Msg: 6002948

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Microcap & Penny Stocks : lcav

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To: Manny Gugliuzza who wrote (558)	10/13/1998 4:18:00 PM
From: Harry W. Lowe	Read Replies (2) of 942

AR, Nice to hear from you. My technical indicators for LCAV show on balance selling rather than accumulation. Also, considering the bearish nature of the stock market, I am not a buyer of this stock at this time. None of the Eye Care sector stocks show any uptrend, so I would not recommend purchase of any Eye Care stock at this time. LCAV could very likely test its lows of $1 1/16 (2/4/98 & 2/25/98) and in worst case, $0.96875 (1/9/98). Regardless of the increased volume, the momentum has gone out of this stock. There are just too many other more promising stocks better looking chart patterns to choose from once the market trend changes from bearish to bullish. I'll continue to follow LCAV and post whenever price action dictates, but I do not choose to tie-up my investment capital waiting for this stock to make its move. Harry

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