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

To: BARRY ALLEN who wrote (372)	5/10/1998 10:03:00 PM
From: Harry W. Lowe	Respond to of 942

Barry, Please forgive the delay in answering you post. Weekends are devoted to other activities which doesn't leave time for stock market activities. I wouldn't say that you are stuck with a looser. Whether or not you catch the peak of each wave, there will be more opportunities to trade this stock for a profit. What AR and I do in the day to day trading arena is achieved through years of trial and error, and I'm sure with more than one disaster. The advisories that I post on this and other threads is meant for the short term trader, and then often as a confirmation. When a trading opportunity presents itself, there isn't time to post a trading alert. It is up to the individual to develop his/her skills in technical analysis. Regarding the "Second opinion service", I think is useful for conformation, but like every other financial news service or market letter, by the time it gives a buy or sell advisory, it is too late. As an example, I have had several successful trades in LCAV, while this service advised "AVOID THIS ISSUE." Every one of the technical indicators given are the result of a reading taken at a point in time past, and is not necessarily true today. These numbers only have meaning to an experienced technician possessing a sophisticated program. I would guess that all others with lesser ability who would use this service get very little help from the parametric data, but focus on the tech writer's buy or sell opinions (i.e. "STOCK IS A BUY; STOCK IS OVERSOLD; GOOD ENTRY POINT"). I think you would agree that not every one who would buy or sell this stock will make a substantial amount of money based on this stock if they were to base their trades solely on this advisory, even if they were privy to the information as soon as it was available. The buy or sell "window" only lasts for a short period of time, depending on the volatility of the issue. By the time this information is published, the window most probably will be closed for the short term trader. And I would submit, this advisory is meant primarily for the short term trader. Long term investors are the buy and hold advocates, not concerned with the day to day fluctuations in price, or indeed with technical analysis. As I have stated in my previous post on this subject, "Oversold and Overbought" are relative terms and not absolute values that are given as "Subjective Clauses" designed to spur the investor/trader into action rightly or wrongly. Oversold in and of itself is not the sole criteria for buying a stock. I don't know what your stock market experience is, and whether or not you are a market technician; but I would advise you to "hone" your technical abilities until you develop the innate ability to know precisely when to buy and sell at the right time. Technical analysis is an art and not every one who would master it will succeed unless he/she is willing to pay the price in time and money. Harry