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Biotech / Medical : Zonagen (zona) - good buy?

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To: McNabb Brothers who wrote (5701)9/25/1998 4:57:00 PM
From: Linda Kaplan   of 7041
 
Hank,

Thanks for the candle reading. Just watching the action, ZONA is showing considerable weakness. It has already lost almost half the gain it made on the positive speculation on the acceptance of the application and the milestone payment. That is, almost half the move from 12-1/4 up to over 19 has been given back now that it has closed near 16 again.

I do wish I'd had cash to short shares when it went over 19, but I didn't and I was holding out for 20, anyway. I'll just have to live with my current position, frankly a rare bright spot in an otherwise gloomy trading day today.

Linda
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