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Biotech / Medical : Lidak Pharm. [LDAKA]

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To: Henry Volquardsen who wrote (649)10/14/1997 12:02:00 PM
From: luis a. garcia   of 1115
 
Up 1/8 on 400K this morning.. will it finish up again two days in a row? time will tell. 3 has so far been a tough resistance point. Its been attacked but not taken. Bears seem firmly in control from there.
the base is getting longer and that position will be overrun as soon as positive news hit the market and volume increases.. On no news like today its hard to break through even though we are twice normal volume already.. even if we walk across that line it takes substantial volume to hold that ground.. Once taken the 3 level it will be much easier to close the gap between 4 and 5.. nothing but air... no resistance.

luis
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