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

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To: Jacques Chitte who wrote (3472)4/20/1998 1:30:00 PM
From: Linda Kaplan  Read Replies (1) of 7041
 
Alex,

This stock has a thin float, so very little news or rumor can make it move in either direction. IMO, it's either moving on the false premise that because Viagra is doing well Vasomax will do well, or it's moving because they're about to announce something that seems positive, like the filing for FDA consideration.

I was thinking that it's sufficiently well known that Vasomax may not do anything at all, so that few people would invest in it as a budding Viagra... so was wondering if FDA filing is imminent. But then I realized that a lot of people spread hype about stocks and that some people could think that Vasomax works, based on that hype, so maybe it all is based on Viagra.

Either way, a lot of people I respect think Vasomax will not be approved by the FDA. Not that they can't be wrong, but I'd go with their judgment over others'.

When this stock falls it will fall as fast as it rose -- if that's any help? Probably it's not.

Linda
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