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Biotech / Medical : Zonagen (zona) - good buy?
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To: NYBellBoy who wrote (1864)1/20/1998 3:19:00 PM
From: Bill Wexler  Read Replies (1) of 7041
 
I doubt you'll see a close above 20 again.

I noticed that the ask hit 20 1/2 on the open today on very light volume. My guess is that any shorts who were really scared probably covered this morning. Looking at the price/volume going into the close, I figure that the next wave of selling is commencing. It looks like the amateurs are now piling in hoping to ride the short squeeze up - as usual, they are too late. If we close below 20, then this little frenzy is over.
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