Lidak Pharm. [LDAKA] Message Board

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Biotech / Medical : Lidak Pharm. [LDAKA]

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To: tony truong who wrote (297)	7/28/1997 8:37:00 PM
From: luis a. garcia	of 1115

Tracy the stock has not made up its mind to power through the 150 day average with conviction.. so I am not confortable from a technical stand..it remains bucking long term resistance. I will take a closer look at my chart tonight. The overall pattern is bullish.. with no real confirmation.. This morning 40K shares appeared to trade and the stock was up on that. Then it came down a notch on 400 shares or less traded.. what does that suggest?? funds buying and mm/s keeping the lid on the price for them?? Someone would argue with good volume and the stock does not move ahead is a sign of distribution.. So I am not confortable with the technicals.. with the end of the month and all.. the mutual funds may be doing selling and buying... hard to say. I sure would like to see force to the upside... Now the mouse rally did have upside force but we will drift lower unless lidakol turns in a good performance. luis

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