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

To: Harry W. Lowe who wrote (469)	7/24/1998 11:15:00 PM
From: Manny Gugliuzza	Read Replies (1) \| Respond to of 942

Hi Harry I think what ever happens in the general market market will not have the same effect on this sector. especially the small cap undervalued sections to which there is actually flight to. And these stocks are most definitely included except maybe VISX. And especially LCAV which seems to be the laggard of them all. Wouldn't want to be on the sidelines monday. We are only going to knock on this roof so many times. here's wishing for a hype upmove to finish this cup and get on with the next formation at last. i think the move was from bottom fishing and again another higher low we bounced off of, very bullish and the Volume takes us higher. ar.

To: Harry W. Lowe who wrote (469)	7/28/1998 6:56:00 PM
From: Harry W. Lowe	Read Replies (2) \| Respond to of 942

To All. AS I stated in on of my LCAV post #469 of July 24, 1998, "the technical indicators did not see the news coming, and therefore the price rise was due to the news release". The technical patterns for the Eye Care Sector up to that point were not extremely positive. So as the "positive outburst" subsides, so do the price of the stocks in that sector. What we had for LCAV today was a correction of a temporarily over valued stock. The question is what will the stock do tomorrow? If the price continues to decline below $3.00, my short term positive view of LCAV will have to be reassessed. In my opinion (IMO) the price actions of this stock brings into question the near term (August) prospect of good earnings. Seeing the volatility of LCAV in recent days reminds me of my Grandfather's a saying, "When making a good meat pie, too much flavoring without the beef ruins the pie". In other words, "too much optimism and not enough good fundamentals does not support a rally. Also a lot of the weakness could be do to the general correction of the market and the proclivity to take profits. The action in LCAV tomorrow could be decisive. We need at least a 50% retracement from today's high of $3.625 to low of $3 1/16 to bring in more price support. Harry