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Biotech / Medical : Lidak Pharm. [LDAKA]

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To: luis a. garcia who wrote (234)6/25/1997 9:39:00 PM
From: luis a. garcia   of 1115
 
LDAKA up 1/8 most of the day finished up 1/16 with 300k shares traded.
not a ripping rally, scalpers didn't get much, it appears new money is
buying in... slowly.. In this pattern the weird thing is climax volume
was seen first day on news then a next day of strengh with still a gain and tomorrow?? will tell. I mean if we we see a third day of strengh that is three days of increasing price. Sometimes that is a sign that program trading may kick in... what do you think John?
Of course window dressing is going on for the second quarter.
That money needs to go somewhere..

luis
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