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


To: james bravick who wrote (426)6/23/1998 4:21:00 PM
From: Harry W. Lowe  Read Replies (2) | Respond to of 942
 
Jim,

There must be some negative fundamentals over hanging the this Eye Care sector. As you have so cogently stated, LVCI's earnings report should have driven the sector up. However, the whole sector is down at the close of today's trading (6/23/98).

LCAV continues to languish in its narrow trading range. As of this time, I do not see any technical factors that would permit purchase of this issue at these prices. I think what is needed is a retest of the $2.50 to $2.75 (or where ever price support will be found). And then, it will depend on how much buying support comes in to reverse the current negative price trend.

Harry