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

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To: VLAD who wrote (6526)5/10/1999 10:18:00 AM
From: Linda Kaplan   of 7041
 
I'm not going to rush to cover. As people integrate this news they will see there is no value in owning this stock. I think the stock will go to the low single digits this week. They will have to realize that entirely new trials still underway, mean that the drug won't be resubmitted to the FDA for a long time, if EVER! Then it will mean another year waiting about approval and that could eventuate in yet another non-approvable letter. I really don't think the hypesters will have credibility now. Some stockholders will hear about it when they get home from work tonight and will have to sell tomorrow. --Linda
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