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

To: Bruce Rosen who wrote (1005)	12/16/1997 3:18:00 AM
From: Bill Wexler	Read Replies (1) \| Respond to of 7041

Oh Jeez...it never ends. It never ceases to amaze me how similar the rhetoric gets on these discussion threads when the company in question is either an outright scam or a momentum stock driven to ridiculous valuations on hype and hot air. Whenever someone pipes in (long or short) with concerns about valuation or the underlying business, the true believers or sometimes outright shills will quickly frame it as a "battle" between longs snd shorts. There's much huffing and puffing and scary threats about upcoming short-squeezes, and as the stock continues to tank, blame is placed on the "manipulative" short sellers. I'm simply an investor who sees an opportunity. I don't wish anyone on this thread to have their "head handed to them" as you put it. I simply call 'em as I see 'em. IMO, this company is trading at an extreme valuation relative to its underlying fundamentals and its future prospects hinge on what I consider a bogus technology. If I'm wrong, then the company will begin generating revenues and earnings from VASOMAX which will eventually "justify" the stock price. In the meantime, every day that goes by the company continues to lose money and the company fails to deliver the goods the more confident I become that my investment will increase in value. I really don't care about short-term volatility. As long as the fundamentals keep deteriorating, I simply regard any upticks or short squeezes as an opportunity to short more. BTW...just an observation: I've found from long experience that great growth stocks don't require a lot of hype or arm-waving. They simply deliver great earnings.