Zonagen (zona) - good buy? Message Board

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

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To: Steve H. who wrote (2991)	3/25/1998 8:11:00 AM
From: clochard	Read Replies (3) of 7041

My experience watching biotechs is that even companies with good intentions and real research going on will see their stock price fall to below cash per share when a trial fails or approval is denied. You might be better off selling now and waiting for proceeds from the lawsuits, because once the price falls to $3 you will receive the same amount from the lawsuit but only $3 from the sale of each share. Think about it (any book on investment says to sell a dog as soon as it seems to be dying). The rising tide of the market only floats boats with bottoms.

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