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


To: ajs who wrote (408)5/27/1998 10:26:00 PM
From: Manny Gugliuzza  Read Replies (1) | Respond to of 942
 
ajs, long time no posts? did you sell out completely after the FTC stepped in? what are you holding now?

are you looking to hold long term for this stock or trade the channel every several weeks?

long term this stock is a purchase for me as i am not against risk unless there is closing below the 50 day MA.

i am still expecting 2.56 - 2.62 and possibly 2.44 for a stab down with reversal for a short termer to 3 7/16. check all previous posts for other information on trading since dec 97. and watch any close above 3.68 very closely.

take a hard look at the the trading from the end of jan to early march and see the pattern is quite similar

the upward triangulation that failed on may 7th very similar to the end of Feb.

this low volume consolidation i see as ending in a buy either as a stab down or an upthrust depending on the volume of money leaving or entering and where the strong bids come in for support in the drop or propulsion in the thrust.

hope this helps and some fundamental announcement in early june for the next quarters expectations would help too.

ar.