Zonagen (zona) - good buy? Message Board

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

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To: Mama Bear who wrote (4814)	7/12/1998 2:52:00 PM
From: epicure	Read Replies (1) of 7041

Barbara- I had puts on Zona for the recent drop(initiated ~38). I covered a bit too early (25), but I went long two days ago because the mid range MACD had turned. Please check out this indicator before you initiate a short right away. I think ZONA may indeed be a good short candidate- but not right now. Timing is everything unless you have the capital to cover a short position going against you. I think ZONA goes to 27-29 at a minimum, possibly we see the 30's. It has just begun its upward cycle, using a fib retracement and adding to the low (20) we could even expect 32- just depends on your TA style. BTW- I don't have much of an opinion on the FA of ZONA, it is irrelevent to me..

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