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Strategies & Market Trends : Bill Wexler's Profits of DOOM

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To: Bill Wexler who wrote (355)3/12/1998 3:40:00 PM
From: Jim Roof  Read Replies (1) of 4634
 
<<ZONA is a good short at 21. It's also a good short at 31, and it's also a good short at 11. The reason being that Zonagen is not worth 5 a share. In time, Zonagen will trade in the low single digits.>>

ZONA may not be worth 5 a share but a short at 31 is a much better play than a short at 11 and if there is indication that it is technically strong then why jump the gun?

Jim
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