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 (6731)	5/12/1999 4:16:00 PM
From: VLAD	Read Replies (1) of 7041

I'm a little disappointed. I thought it would be a little weaker towards close. Now look what has happened: It closed last Friday at $19.81 before the news and today it traded as high as $15.25 which is a 60% retracement from the trading low of $8.75 on Monday morning. That's a damned healthy bounce considering how bad the news was on Monday. I'm kind of expecting a slow bleed down from here as the reality of the situation sets in and new short positions are established. I just don't see any value here at these prices. Who would pay over 13 bucks for Zonagen considering current fundamentals. This companies ONLY product just got REJECTED by the FDA. HELLO!

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