Zonagen (zona) - good buy? Message Board

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

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To: Dauntless who wrote (3621)	4/28/1998 8:42:00 AM
From: Hank	Read Replies (1) of 7041

I have no idea who is buying but it is probably partially short covering. Anybody who is in tune with this pattern shorted the hell out of ZONA at 30-31 (like I did) and are now covering to capture their 3 or 4 pt gain. The trend has been up but in a cascading breakout fashion. That's why I see another move down to 24 or 25 before it establishes another up trend unless a news event aborts the short term correction. Like I said before, it's a game of musical chairs. The music will stop when the large shareholders decide they are satisfied with the price and unload in force. The suckers still looking for a chair will be ones trying to play the long side. I'll add one more note. When I see the stock market go down accross the board, including stocks that are earning money hand over fist and are currently very undervalued compared to the rest of the market, yet stocks like ZONA go up, it makes me even more suspicious of who's behind the stock movements. This whole thing smacks more and more of somebody who is intentionally manipulating the price up. Somebody with a LOT of money. A wealthy billionaire Texan, for example. I have a good idea who it is but I won't speak his name here in public.

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