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

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To: Linda Kaplan who wrote (2752)3/13/1998 4:48:00 PM
From: Bill Wexler  Read Replies (1) of 7041
 
<<What is moving this stock higher?>>

Simple. A relatively small float with a large short interest makes it very simple to manipulate the stock.

The stock will eventually hit the floor, but in the meantime it will be a tug of war with insiders who (obviously) want to dump at the highest price possible. If you check the NASDAQ clearing records for Zonagen over the past month, I would bet that over 75% of the trades were inter-market maker.
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