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Biotech / Medical : Lidak Pharm. [LDAKA]

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To: MCorbley who wrote (516)8/25/1997 11:11:00 PM
From: John Zwiener   of 1115
 
Tim Russel sold? I had thought is was Katz, but Russell sounds famillar. I guess it doesn't matter.

The dropping price was somewhat anticipated, especially by those who have followed biotech, including Lidak for awhile. A friend asked if Lidak would go up from 3 and I thought it was 50/50. So buy half now and add especially if the price drops. Though I hoped for a rapid price increase right away, it does not bother me that the price has dropped. With the latest phase 3 result for additional information, this looks like a continuing buying opportunity.

The dropping price is being met with increasing volume which to me is the classic sign of accumulation. Within the week, we are likely to see a price spike.
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