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Microcap & Penny Stocks : lcav -- Ignore unavailable to you. Want to Upgrade?

To: Manny Gugliuzza who wrote (119)	12/24/1997 6:34:00 PM
From: Jim Mac	Read Replies (1) \| Respond to of 942

Why LASIK won't last: lasereye.com slackinc.com slackinc.com

To: Manny Gugliuzza who wrote (119)	12/26/1997 4:17:00 PM
From: Harry W. Lowe	Read Replies (2) \| Respond to of 942

Manny, The first leg of the 'W' or double bottom pattern was a low of $1.75 on 12/10/97, when the second leg is established (if its going to happen) will happen when the price drops below $1.50 and possibly as low as $1.25. As to when, it could happen within the next 5 trading days. If you have access to a daily bar chart, look for an "inside trading day" or a high higher than previous days high. I don't think that the price will go down to $0.75/sh. That last anomaly (price drop to 0.75) was caused by the high volume sell off. As I pointed out in my last post, I do not believe that the company is going out of business. I have faith in Dr. Joffe making a success of this business. He has had a cash flow problem, and has been trying to grow the business with literally no cash; and in that sense, he might have gotten into a short term bind with the Summit Technology deal. However, in the long term it might turn out to be a good deal. As to my statement re: "decent volume". I have been trading this stock quite profitably since its listing on the Nasdaq. The volume has never been great as the publically held stock was very "thin" (not many shares in the public hands). At price lows, the volume dried up, making it difficult to acquire a sizable position at the wide spead commanded by the market maker (MM). At price lows of less than $3.00, the MM was taking up to $0.75 for a 100 share trade. Now since more shares has been distributed to the public, more shares are available for trading without widening the spread. So for trading this stock on a short term basis, I consider the recent average volume (19,194 shares mean average volume) to be 'decent'. I will be monitoring this stock, and will try and keep the LCAV thread advised of the current technical status. As of today's close LCAV was $1.625 down 1/8 on 8,800 shares. The short term momentum indicator is turning from buy to sell, all short and intermediate momentum indicators are in negative trends indicating a lack of accumulation. The long term indicators are in a neutral or horizontal trend. The OBV and RSI indicators are short term buy configuration, which reflects the reactionary rally of the daily stock pattern. I am not recommending any stock purchase due to the uncertain state of the stock market. I don't mind the questions, and I hope this was of some help. Harry