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

To: Manny Gugliuzza who wrote (633)	3/30/1999 2:25:00 PM
From: Harry W. Lowe	Read Replies (1) \| Respond to of 942

AR, Nice to hear from you once in a while, suppose no news is good news. As for LCAV, this has been a good performing stock, very predictable in the past and hopefully for the future. I don't see an existing “head and shoulders” pattern, unless you are considering a reverse head and shoulders from April, ‘98', head at $1.00 in Oct., ‘89', and developing right shoulder starting on 3/17/99. This is a possible long term pattern, but requiring a right shoulder development time approaching four months. With the head at $1.00, and neckline at $4.00 a price projection of $3.00 would carry the price to $7.00. I am more focused on the short term potential moves which look a bit more realistic. My current TA yields the following: Upside resistance $3.75 and $4.28; support $3.50, $3.00, $2.78 respectively; short & intermediate momentum indicators (MMI) neutral to sell, and long term MMI hold long positions; OBV double top pattern; RSI negative trend; short & intermediate stochastics buy/hold (note: These are “Following Indicators” by at least one day). In summary, I think that the price of this issue will eventually go up to $4.25, but in the meantime, price weakness should be expected which could pull the price down to $3.00 or lower. I think that fundamentals are very positive which could carry this issue much higher. LCAV seems to be immune from the general malaise of the “stock market” which is looking very questionable right now. Harry