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


To: Manny Gugliuzza who wrote (453)7/14/1998 3:57:00 PM
From: Harry W. Lowe  Respond to of 942
 
AR,

All technical indicators are in a buy configuration, but not much activity in LCAV. Most of the other Eye Care stocks are doing well today, and I'm sure that LCAV will go eventually.

The main obstacle to upward price movement, as you have noted, is the resistance at $3.50. The quarterly earnings is due out in August which should be good, and will push the stock over $3.50. Expect a move to $4.25 before any significant pullback. Where LCAV goes from there will depend on the strength of the earnings. If you will note, each upside breakout of this stock is concurrent in time with the quarterly earnings.

Harry



To: Manny Gugliuzza who wrote (453)7/21/1998 6:34:00 PM
From: Harry W. Lowe  Read Replies (1) | Respond to of 942
 
AR,

What is your current reading on LCAV?

With today's close at $3 3/16, the short term momentum indicators are signalling a change of trend from positive to negative. Intermediate indicators have gone to neutral, but the long term indicators are still positive.

The current flag formation should come to its apex by August 3, so the stock will have to break one way or the other.

Give me your thoughts.

Harry