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Biotech / Medical : Zonagen (zona) - good buy? -- Ignore unavailable to you. Want to Upgrade?


To: CRISCROS who wrote (6983)9/8/1999 9:55:00 AM
From: Hank  Read Replies (2) | Respond to of 7041
 
Having shorted this stock numerous times over the last two years, it's hard for me to believe that most shorts aren't already out. You may get a pop to $6 but I'd be surprised to see it go much higher than that. Good luck. Maybe I'll be surprised and you guys will be able to push this POS back up over 10 so I can short it again.



To: CRISCROS who wrote (6983)9/29/1999 9:21:00 PM
From: Tatnic  Read Replies (1) | Respond to of 7041
 
>>>Because they have plenty of it. Lets say they only buy back 1 million shares @ an average price of $6.0/share that is only $6m they will still have 40m CASH that is more than most company's listed on NASDAQ. Today I will start to accumulate shares wish me luck. 10,000 should be a good start @ these levels<<<

It's so sad to see someone piss away $30k on the premise that a cash burning company will buy back stock. Keep in mind they need that cash to stay alive...but I'm guessing even that won't keep them out of bankruptcy too long.