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

To: Whiskey who wrote (592)	12/29/1998 1:35:00 PM
From: Harry W. Lowe	Read Replies (1) \| Respond to of 942

Whiskey, Any stock when sold for a loss (short term loss for short term gain and long term loss for long term gain) will qualify as a capital gains loss; but that is not what you are asking. If I understand the nature and purpose of your question, what you are asking is, will LCAV go up substantially so as to loose a potential gain in the 30 days you are out of the stock? The answer to that question is unknown. At this point in time all that I can tell you, IMO and according to my technical analysis, is that LCAV is under accumulation with good volume. The short and intermediate momentum indicators (MMI) are in a neutral configuration with a positive divergence. The long term MMI shows a positive trend. There is a large short position in LCAV (Nov. 98 >1.6 million shares) which will act as a floor to downside price movement and a good buy to cover potential when the current upward price movement "eats away" the overhead supply of stock from $1.625 to $2.00/share. IMO, this issue will eventually break out to the upside, the question is "when". You will be taking a chance what ever you do, but in the interest of priorities, you are wise in taking a capital loss to offset capital gains, but remember the loss must have occurred in calendar year 1998 and must agree with the short and long term capital gains versus loss rules as defined by the IRS. Harry