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Strategies & Market Trends : Bill Wexler's Profits of DOOM
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To: tom rusnak who wrote (1016)6/11/1998 1:07:00 PM
From: Bill Wexler  Read Replies (2) of 4634
 
Personally, I wouldn't buy puts on a stock like Zonagen. Even though I am certain where the stock will end up in the long term, when you have a management like Zonagen's actively and persistently involved in fraudulent misrepresentation, the stock can get jumpy (very similar to Zitel - check the 2 year chart). I prefer to short the stock, and use the volatility to SELL puts at higher premiums.
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