Lidak Pharm. [LDAKA] Message Board

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Biotech / Medical : Lidak Pharm. [LDAKA]

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To: M.LUTH who wrote (846)	1/15/1998 8:36:00 PM
From: luis a. garcia	of 1115

Mike your investment style depends on three things.. How much money you can invest and how much research are you willing to do, and how much volatility are you really able to live with. If you backstroke through the thread and you see the negativity...you can say in hindsight this is poor research and or poor risk tolerance. but for me I usually accumulate a block of stock over time depending on how the research is going and how confident I am getting. then I double from there... as the picture improves with earnings materializing. If I am wrong I am in a world of hurt... this is why averaging in a position slowly over time makes sense to me. If you recall I bought 1k last week during maximum market pessimism.. (have room for 1k more...)at 1 something... ahead of this week's rally. My average entry price is about 1.70 or so... I did not roll it because if it takes off tomorrow I want to own it not watch it from the sides. I am aware technically it will retrace now but news transcends technicals and we don't know tomorrow's news... besides I think we have a long shot at 10 dollars by summer... and that is a nice intermediate tgt.. luis

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