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Biotech / Medical : Lidak Pharm. [LDAKA]
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To: John Zwiener who wrote (56)1/10/1997 11:03:00 PM
From: GARY EARLS   of 1115
 
I have been in this company for over 2 years and have made a good return by doing what you suggest by selling 50% and holding the rest. However last year you could have really got burned if you didn't time it right. I tried to get smart by trying to 2x my return on my investment. BI Newsletter sent me a bulletin saying don't sell it was going to go higher - then bang the trials tanked and I went from a 150% return to be down 50% from my initial price. Now after the bust last year the stock stayed in a 2.25 to 2.40 range for several months before sinking 1.30 at the end of the year by tax loss selling.

According to the information that I have, there will not be any significant news on the Phase III tests until June 97. Unless there is some new dicoveries announced all the action going on now is people buying back in for a good return this year. If I'm right we could see the LDAKA stabalize at the current price range or perhaps up to the 3.25 range over the next two of three months. I think you will see the price start picking up significantly until late April - May in anticipation of positive results of the Phase III trils. I have approximately 6K shares that I bought at 2.375 and 4.50. If the trials are successful you could easily see a $7 share price (prividing that another company doesn't beat them out with another compound).

In closing I think you can probably trade this on the upswings for the next couple of months without a great deal of risk.

Good luck on your trades, and hope we all a happy later this summer.

Gary
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