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Biotech / Medical : Zonagen (zona) - good buy?
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To: Tomas who wrote (261)5/21/1997 1:24:00 PM
From: Richard Ogier   of 7041
 
Maybe more people are learning about the Ind. Inv. recommendation to short ZONA. Or maybe ZONA is delaying the Phase III results. They initially said mid-May, which is now past, and their last announcement said the results would be reported in the second quarter (by June 30).

I sold at 18 1/4 because the Ind. Inv. made sense to me. I think it is just a gamble to hold shares now. I will wait for the Phase III results before jumping back in. My question now is: How can we get as much information as possible about the Phase III results as soon as they are released? The PR Newswire announcement may only provide a brief summary, and it is important to carefully look at the results as soon as possible.

Richard
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