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Biotech / Medical : Zonagen (zona) - good buy?
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To: Ron Sigourney who wrote (5029)7/31/1998 9:55:00 PM
From: Linda Kaplan  Read Replies (1) of 7041
 
Ron:

Not a major selloff, quite. I guess that's subjective. On the day of the filing. July 15th?, the stock went to 26-3/4 during the trading day, I recall. Today, two weeks later, it closes at 20-3/8? I'd say that's a fair drop, though you might not call it a major selloff. I'm not really good at math, but would you say that it's more than a 25% drop from that intraday high? If I were long I'd consider a 25% drop in two weeks to be a major selloff. I would think if people were confident in the outcome that the stock would be moving up, rather than down.

Another way to look at it is that we went up to 26-3/4 from a basing at 20 and now we're retreating to that base of 20, as if no filing had occurred. So it wasn't a major selloff at all. Nothing happened.

<ggg>

I noticed you didn't take up the challenge about the Mexico sales. Not even one measly phon call?

Linda
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