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 (5030)	8/1/1998 1:28:00 AM
From: j lawrence	Read Replies (2) of 7041

Linda, >>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?<< Maybe I don't understand ZONA as well as some on this board. However, what I do notice is this. ZONA was trading under 21 this week. This is approximately 55-60% off its 52 week high. And some on this board want to say that the stock hasn't experienced a major selloff. I have been reading this board for several months and I see an almost unparalleled optimism among the longs at a time when the company is taking on water like the Titanic. It does seem odd that as the stock approaches 20, there always seems to be a press release touting the stock's prospects.

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