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Biotech / Medical : Lidak Pharm. [LDAKA]

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To: Analog Kid who wrote (1059)6/15/1998 4:36:00 PM
From: Red Dragon   of 1115
 
I also believe that the Lidak story is unfolding just as I cautioned in earlier posts in January. Lidakol is a neutral or marginally effective agent, but through statistical manipulations and deceptive statements, the company has managed to keep their head above water (barely). The clincher for me was when (1) Bristol Myers Squibb dumped Lidakol and walked away and (2) all the insider selling at 2 dollars a share. I warned many months ago that this stock is going to zero. It's just a matter of time. Forget about lawsuits, there is nothing left to recover. The market has reacted to the release of the Phase III data. It's not pretty. Consider getting 1 dollar a share now, rather than zero soon.

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