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Biotech / Medical : Zonagen (zona) - good buy?
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To: Dauntless who wrote (6044)12/31/1998 10:32:00 AM
From: Hank  Read Replies (1) of 7041
 
"Picking shorts based on valid financial analysis is fine with me"

Ok. So give everybody on this thread a reason why they should go long ZONA based on "valid financial analysis". From a purely fundamental view, ZONA has done nothing but lose money and will continue to do so for the foreseeable future. They are pure speculation from a bullish standpoint and their entire future hinges on the success or failure of a highly controversial drug. You'd have better odds at Vegas. The ONLY valid position to take with this stock from a fundamental analysis point of view is a bearish one. ZONA should be trading on the pink sheets until they prove they can make some money. The only reason they are still trading at current levels is because they are still riding the Viagra hype. ZONA is no better than the internet frenzy and, like most internet stocks, it's price will eventually collapse.
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