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

To: Harry W. Lowe who wrote (330)	4/23/1998 10:47:00 PM
From: GrandPohba	Read Replies (1) \| Respond to of 942

I went to the library today to review the Value Line writeup on BEAM. I am sad to say, it is not a very flattering piece. About the only postitive thing it had to say about BEAM was that it had a nice pile of cash on hand, from the sale of shares shortly after getting FTC approval for their laser a couple of years ago. The ? is how will they utilize this cash. The article stated that had it not been for the interest income from this cash pile, earnings would have been much worse.The article also went on to confirm what has been posted here, and that is that BEAM appears to be losing market share to VISX. As far as the pending litigation between BEAM and VISX, I think both will get beat up pretty bad.If VISX loses, they will have to make a sizable back royalty payment, as they have not been paying royalties into PPP since I think Oct. '97. This will have an adverse affect on earnings. If BEAM loses, they gain nothing, and it winds up costing them booco $$$$$$ in litigation. Currently, BEAM is like a rudderless boat, unsure of it's direction. I would expect to see the dissolution of PPP. Should PPP dissolve, I think competition would heat up, possibly driving down costs to have these procedures performed, possibly resulting in more procedures. I think this bodes well for the eye treatment centers, such as LCAV and LVCI. I am more confident that I have chosen to play this field correctly by buying shares of LCAV, after reviewing the Value Line write-up. I would love to hear others thoughts on this scenario..... GP

To: Harry W. Lowe who wrote (330)	5/2/1998 4:51:00 PM
From: Manny Gugliuzza	Read Replies (1) \| Respond to of 942

interesting pull back Harry, check the weekly charts, this is nearly identical to the previous 1.25 to 2$ push except for the closings, and of course the height and size of the trading. 2 strong up weeks then 2 faltering, again with that reduced volume on the pull backs. if this holds true this next week should be a new thrust. the left shoulder from july to oct may never see the right side completed, as i once thought would happen but i guess still possible. with the strong momentum and public awareness following this industry now, market psychology is in our favor. either way another strong move is coming from this flag formation as sloppy as it looks it is just more consolidation. but it could lengthy out a little longer. maybe another test of 3$ ? still accumulating and good luck to all still here. ar.