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Biotech / Medical : Lidak Pharm. [LDAKA]

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To: luis a. garcia who wrote (345)8/13/1997 4:31:00 PM
From: Henry Volquardsen   of 1115
 
Interesting price action today. Lidak was peacefully hanging out at 2 3/8 all morning then at noon volume started to build and it hit 2 1/2 by 1. Then whoever was buying stepped aside and it fell right back to 2 3/8. A little after 2 volume starts to pick up again and we moved back to close at 2 1/2. Good volume on the day, in excess of 400,000. There were 8 trades in excess of 10,000 shares and they were all after 2:30 and at the high end of the range. Looks like someone had a buy program and got a little more aggressive at the end of the day.
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