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Biotech / Medical : Lidak Pharm. [LDAKA]
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To: luis a. garcia who wrote (116)2/9/1997 2:10:00 PM
From: James Silverman   of 1115
 
Luis,
I'm not spreading baloney. You want to believe the bullish stories, fine. There's nothing I like better than for someone to post a contrary view to a stock I like. I can either place value in it, or disregard it as inaccurate. Many people from time to time have done so with AGPH, however I haven't placed creedence in any and the stock has been stellar. SEPR has had a few such bears and the comments have not been accurate. Does it bother me, absolutely not. Why should it?

I own shares in a stock called Watson with a mid single digits basis that for tax reasons (the stock is now at $42) I will not sell. Great company, but they are in transition and now is not an ideal time to accumulate IMO. I posted as such as a few investors are fairly bullish. So despite having a position I posted my concerns am I an @#@# hole for doing such?

I have a fairly full portfolio and I have no plans to buy shares in Lidak. It would have been a nice speculation at $1 for a January Effect, however at $3 I feel it probably more than fully valued.

I still would love to see you or JohnZ present a case for why Lidak is undervalued here. Nuts and bolts analysis factoring in potential sales and royalties and at least acknowledging the competition as a competitive threat. I don't think either of you can do such in a quality fashion.
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