I really don't know where you stand on the
fundamental prospect of this company. You have been extremely
accurate in your predictions, but they all seemed to be
based on your view of market makers and shady
characters lurking in the halls of Wall Street. Do you
believe this company has a good product pipeline that is
likely to succeed, or do you believe that the products
are hype and will never make the market?
seems to me that you are either acutely tied in to the
psychology of the small cap market, much more aware of the
fundamental operations of DUSA (and/or a competitor)] than
you will admit, or very lucky. Your
In essence, I don't know where you're coming from
and would like to better understand the cause(s) of
your views and your long term outlook for this
company. If you think it has a future, at what price will
Initially I bought Dusa in 1995 from the high 3's
to the mid 5's then sold in the mid 12's. Didn't get
back in again until a few weeks ago at 7 1/4 to 7 3/8.
Sold virtually all of my position at 7 to 7 1/8 on
Thanks for the background. I understand your
approach better now (I think). Besides the obvious, what
sort of signs do you look for to foretell a looming
recovery? Do you (have you) been talking to brokers and the
company, or do you primarily look for swings in trading
blocks and momentum shifts?
better or worse, I'm in this stock for the long haul.
From what I can tell, AK is a strong product and there
are better products in the pipeline. In other words,
I believe that DUSA is likely to do o.k. in spite
of itself. One bad lesson I've learned is the old
too many eggs in one basket cliche. I will never dump
this much money in one stock again. Even though I
believe that the company is likely to succeed (at least
to the point where this will be a $20 stock within
8-12 months), the wild ride has been too much.
Did you get any feeling from the annual meeting
that solidified your negative view and comparisons
with ENML? I hope I'm not asking too many questions,
but you provide a balance to some of the other
opinions on this thread that is important to
Thanks again BTE.
did anyone notice that at 3:45 p.m. thursday that
the volume was at 93,000 and the price at
$5.50....then at the closing bell someone came in and bought
50,000 shares and the close price was $6.00.....very
Where have you been from 12 to now? I've been
saaying either sell or write the calls!
Now, if I
wqere long, I'd write the calls - in fact i'd write a
little more than I own - like ifd you have 1000 shares ,
sell 13 calls, not 10
another important aspext
is tax sztrategy
where do these short term
loses fit in your tax structure. The one thing you
probably dont want is long term losses.
all,. my friends, i thinkk dusa is headed lower - is
pdt still alive? I dunno - I will search the medical
internet but keep the eye on Neoprobe - it once looked
like a musthappen too.
I'll buy Dusa on a
sudden break to 4 1/2 but not a slow decline
doesnt anybody feel annoyed by aiellos reassurances that
have caused you to not heed my earlier
Remember - I'm flat - i wish I was shor5t - but i'm not.
so I have no real investment in the outcome here. -
but dusa affords many opportunities and I
have had great luck with it
so - i sit - and
watch and wait.
i'm making a killing in ENML -
funny how I said last week - enml at 7 and dusa at 5 ;
instead its enml at 8 and dusa at 5 1/2
Now those are real decent questions.
wasan active wall street trader for many years - now
retired. I understand market action - as you can see. I
really saw the break in Dusa coming. It had a pattern. I
have see3n this pattern masny tmes.
So I sold
my stock and then told everybody what I
After 2 weeks I shorted 50 calls (the 12 1/2s mostly).
Obviously going short was a better idea but the call
prewmium was just too good to pass up.
money on that too.
As to the company - they have
a good product - but it took to long - 3 years ago
it was hot - now its luke warm. - on top of that the
underwriters and primary stock handlers seem to be shysters -
ans shysters can milk a company dry - just look at
selling under 3 - identical story, identical
underwritewrs, identical backers, identical
Now how much smarts did it take to write those calls
against long positions? better question, how much
hustling did it take to get people NOT to write those
The market evidence is all there - annual meeting
followed by new block sales and slowly drifting lower
I'm not so smart. I wish Dusa would break
to 4 1/2 in one day - I'd be a sure buyer. right now
i'm flat but i'm pissed off at the hustlers who have
stopped some of the small timers from getting ouit
so, is that altruism on my part, with nothing to
gain? - kind of...
I had the same tracking
history with ENML, i'm short it, long it, short it again,
now i'm long it.
the tape tells the
i lose money too.
so - where am i coming
from? probably a place you couldn't really imagine -
not because of any deficiency on your part but
because it just doesn't fit in the game.
way, I'm having sit-and-wait feelings about IDBEF - i
dont like the tape action here. - i own A LOT of stock
at lower prices but I keep seeing a supply come out
here at $4.
so, my recomendation is
I solds a little more ENML at 7 1/2 but I'vew got