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To: Tom Johnson who wrote (5778)11/16/2000 6:11:54 PM
From: john.d  Respond to of 14101
 
Hi Tom,

<Anyone with any words of wisdom, condolence, logic, prescience, suspicions, hope, predictions et. al. Your contributions would be greatly appreciated during this time of stress. (The stockhouse board looks like it's gone down the tube! Temporarily, I hope)>

Yep, I agree this is a time of stress......
.... and opportunity. I have been adding to my position at these prices, which has reached a level in my portfolio that is probably not wise, but I do have confidence that we will come out OK.

Although nothing is a sure thing, I am confident that we will eventually get the UK approval. I realize that it may extend past the Nov 30 "deadline", and I know that it will be a difficult time if that happens, but I am prepared to weather the storm - I think!

Once UK approval is received there will be a number of events that will be triggered (HSBC report, marketing partner) that I believe will send the stock to much higher levels... this will be the last chance to buy at these prices in my opinion...

I guess when it comes right down to it, I trust that Rebecca will eventually come through...

I have a renewed sense of optimism around FDA approval. The timing is about right (it's been 3 years), management comments (ie; no need to supply phase III data,etc.) and general information shared, leads me to believe that FDA approval may just be months away... I think it could happen in the 1Q2001.

Yep, Stockhouse has gone down the tube for the time being. Why people bother to even respond to the two (maybe the same individual) senseless posters is a mystery to me. Likely just a couple of kids with some extra time on their hands to torment some stressed out investors.

Tom, we missed you this year at the annual meeting. Hopefully you can join us next year to celebrate.

John



To: Tom Johnson who wrote (5778)11/16/2000 6:58:04 PM
From: Joe Krupa  Read Replies (2) | Respond to of 14101
 
Hi Tom,

If you're hoping for a response which oozes Socratic stoicism, I can't deliver that. Fact is, these are trying times and as confident as I am that the story will successfully unfold, I'm terribly human. I'd be lying if I said my stomach was not a little in knots the last few days. My portfolio is really bleeding here.

That said, I did see a few signs that the bottom may be near. For the first time in this slide, I have seen very substantial bids sitting at and around $4.00. There was a single bidder for 55,000 shares at $3.95 all day, and at one point today, I was able to add up close to 100,000 shares of bid support scattered over 5 price increments. It seems to be to the point, where some of the houses are getting interested.

Also noticed that HSBC bought 4,000 at $4.10 today which is around the price they subscribed to the last financing. A small amount I know, but enough at the time to keep the price from declining further. Perhaps a little defending happening.

Volume still relatively light which is not indicative of a sell off on any sort of immanent negative news. As I mentioned above, if a house smelled bad news and wanted to bail, there were a 100K shares they could have sold to at $4.00. Selling was mixed today with no one clear big seller. Also, some small nibbling on the buy side from State Street which has only ever bought institutional size quantities in the past.

We are now to a point where we are almost 1/2 the market cap of Lorus (??????). How much lower can we go given that context. Let's also remember that we are getting no help at all from the markets. Geese, even Nortel is now at 43% of its year high and at a 52 week low. Sorry if I sound like I am making excuses for DMX, but misery loves company.

Tom, I am 100% confident we will get UK final. If not by Nov 30, then soon. For that, and that alone right now, I am still here. For the sake of being very conservative in assessing my position in this company, FDA is a non-issue for me right now. I am not counting on anything from them right now, despite all the rumours circulating. I want and expect UK and that is when I will take another look at why I am here.

I know that UK final approval will be the ticket to a much higher share price. We all know the product "works, and works well." I also have heard the accolades from so many people who have either used or prescribed Pennsaid, that the stuff will sell itself once its existence is made known. The efficacy and safety data, especially from the recent phase III is remarkable!

We are reaching that point of maximum fear right now, which if you subscribe to contrarian theory, usually precedes a near bottom. Look what the price had to do in August 98 in order to turn around -- now that was a moment of maximum fear. Speaking of contrarian theory, I think its been at least a few days since Wolf has posted that he has bought -- that's gotta be a good sign!

Sorry Tom, if you were looking for something more substantial. That's about all I feel right now.

Joe



To: Tom Johnson who wrote (5778)11/16/2000 9:21:55 PM
From: DaveAu  Read Replies (1) | Respond to of 14101
 
Tom

<<Anyone with any words of wisdom, condolence, logic, prescience,suspicions, hope, predictions et. al>>

Wisdom and logic are hard for me these days and I've never delivered any short term predictions that were worth the price I sold them for. I do however have boatloads of condolences for my fellow long term holders here.

The ROB had an article on margin today. It seems Canadians borrowed an extra billion in September and are now at record levels. This may be part of the problem. When you're getting close to a margin call, it can be very stressful to see a stock falling and you start to fear the worst, especially when there seems to be no credible information from the company or analysts that might soothe those fears. It can become a vicious circle. If you don't act soon enough, you lose the ability to make choices.

I bought a new house in March of this year for possession in August and at the time, I mentioned on this thread that the last time I bought a house was August 1987 for possession in 1988. How's that for timing. You'd think I would have learned to take the money out of the market and park it in T-bills or something but I didn't. I ended up carrying some margin debt when the house closed but I've finally cleared it up and even have a little cash which probably means we're at the bottom of the market. I dumped 3 stocks this week that haven't been beaten up too badly including two bio-techs. I didn't consider letting go any of my DMX. I actually made another small buy at 4.05 today (TD saved me a nickle - I put the order in at 4.10). I previously bought more at both 5 and 6 which seemed like awfully clever moves at the time.

One thing worries me. DMX itself is a little like the guy on margin. They're running out of cash. They're hoping something happens soon, either some money from a marketing deal, or a share price boost from British approval. The longer they wait, the fewer choices they have. We run the risk of serious dilution if things don't happen soon. Management will be okay however, they have a whole pile of shiny new options to be awarded.

Dave



To: Tom Johnson who wrote (5778)11/16/2000 9:38:31 PM
From: Mark Bartlett  Respond to of 14101
 
Tom,

There is not much I can add to my fellow long DMXr's comments - it is just a time to keep the faith and grab the Malox<G>

I have posted a few comments, but I think margin calls are killing us at the moment, along with the general market sentiment.

I last bought about 2 weeks ago, but I am finding it awfully tempting to grab a little more - in a PF that is hugely waited now in DMX.

We shall see ......... now where'd I put the Malox ....

MB



To: Tom Johnson who wrote (5778)11/16/2000 10:49:40 PM
From: Montana Wildhack  Respond to of 14101
 
Tom,

I've also read all the replies and find it difficult to
add anything to what the group has already said.

I'm eating Rolaids and Tums these days because even though
my head makes most of the decisions, its my heart that
lives most closely with my stomach. (I'm not kidding).

Rather than go through a litany, I would prefer to predict
Dimethaid's stock price in the near and longer term future
as opposed to Nortel's.

I believe we are at the juncture of major shifts globally.

The DMX price behaviour is decidedly at odds with where we
all believe we are in the story. I believe the margin is
part of it now and I believe this stock is ripe for rumour
both good and bad. These last days have been reactive
retail.

I think Joe's point about no one picking up on the 100,000
being bid at only a couple of dimes less is valid. I also
think the lack of volume overall looking for an out is
an indication. And I recall the Chief's comments about
10 days at these prices on SH.

Gut says something's wrong. Head says no, just the usual.
This is all part of the downtrend until proof of change
appears.

I believe the key to that is REAL volume. Many hundreds
of thousands of shares for days in a row.

Until we see that, 70,000 shares in a day tells me nothing.

The head wins. Pass the Tums.

Good luck everyone.

Wolf



To: Tom Johnson who wrote (5778)11/17/2000 3:14:41 AM
From: jef saunders  Read Replies (1) | Respond to of 14101
 
lots of great stocks are getting whacked to undeserved levels.