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

To: Harry W. Lowe who wrote (506)	8/12/1998 9:06:00 AM
From: yosid	Read Replies (1) \| Respond to of 942

The sensitivity of these stocks to the health of the economy is something I put out in this group a few weeks ago. If the economy (and the market) take a dive, you'll see the procedure volume decrease substantially. People are not going to put out the cost of refractive surgery if they think their wealth is dissolving. Fewer procedures done will lead to fewer laser machine sales. The whole industry could suffer a setback. I am most concerned about 1999 when the powers that be pump up the potential malaise of the Y2K problem to the detriment of the market. This could be a fatal blow to these stocks if the public decides it's time to hoard their savings. Manny - I'm looking for a 5 to 1 reverse split. The company was probably betting on substantial procedure volumes combined with decreased stock supply to elevate the demand for the stock, and create some synergy, like Visx is now experiencing. I'm no longer sure of this scenario.

To: Harry W. Lowe who wrote (506)	8/18/1998 12:51:00 PM
From: Harry W. Lowe	Read Replies (1) \| Respond to of 942

To All, Not many posts on this thread when the trend is down. The current price of LCAV as of 12:43 PM EDT is $2 11/32 on 45,100 shares. This is the low of the day. As I noted in my post #506, the next downside objective was $2.5625, well that was achieved on Monday (8/17/98). The next level of support will be $2.00/share (high of 3/17-25/98). A major down side trend was established on 8/13/98 and will continue until we get momentum change from negative to positive. Considering the fundamental factors of this issue, IMO the proposed reverse split and stock option plan are continuing to depress this issue. Also the bear trending market averages are having a depressing affect on the Eye Care Sector which is not helping LCAV. Considering that both fundamental and technical factors are negative, I do not see a need to accumulate this stock for the present. Will continue to monitor LCAV and advise when conditions improve. Harry

To: Harry W. Lowe who wrote (506)	8/28/1998 5:38:00 PM
From: Manny Gugliuzza	Read Replies (1) \| Respond to of 942

boy oh boy i go away for a couple of weeks and slam. i guess it was a good time to be away. It may be premature but i could not resist buying back some of the trading stock at these levels....... Interesting note from the Joffe's regarding the split. So much for practicality and market timing and not good judgement on the part of management. Makes me think they may vote the split at the wrong time also. "acting in the stockholders best interest" I think the Joffe's mean the majority of shareholders which is themselves. there goes that head and shoulders is right. the pennant rules. looks like a heart attack on a QRST complex ECG. this inverted spike is the exact opposite move i was expecting from the base line formation at 3. although the ill-timed announced reverse split started this breakdown the recent letter news of the first profitable quarter not till Q1 1999 is a step backwards also and thus the company itself has had great play in successfully moving the stock price thu major long term support at 2.43. time to start over. I guess it is official now we are 20% off the dow. Bear market till proven otherwise. i guess this may have dragged the price of LCAV a bit lower than it would have gone from mngt actions. good luck to all. and i hope others have notifed mngt. of their opinions regarding this reverse split as i have that is if any are still holding this stock. ar.