Zonagen (zona) - good buy? Message Board

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

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To: Linda Kaplan who wrote (4424)	6/3/1998 8:35:00 PM
From: epicure	Read Replies (2) of 7041

All my indicators say down down down. Nowhere near oversold yet on any of the graphs I use- and I am very cautious about oversold conditions- I always get out early (too early usually). Of course the candlestick is a huge bearish belthold, not good. There could be a bit of a snap back tomorrow with short covering, although we saw a fair bit of that today, but I think the next stop is 26-ish. I see no support here. There is a bit of a gap around 27/28 which could provide minor support. We'll see just how negative people are on Zona tomorrow. But from the volume today and all the indicators I'd have to say there is nothing positive that I can find. Good luck Linda.

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