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


To: Mama Bear who wrote (1016)12/16/1997 5:12:00 PM
From: space cadet  Respond to of 7041
 
hi boys and girls,
I'm new to zona but definitely interested in possibly shorting zona as it has the markings of a scam. Even if it is not a total scam, it may come out after the pfizer drug and lose the market for that reason. The only evidence I can see that it is not a scam is that Schering is behind it. What do the shorts on this thread say to that?
I'm mainly into technical analysis and it looks to me, as someone else said before, the easy money was made on the fall from 30 to 20. I hope that zona can regroup and hit close to 30 again because I would seriously consider shorting it there. Incidentally what other drugs is zona developing? Do they have any published articles on any of their products?



To: Mama Bear who wrote (1016)12/16/1997 5:27:00 PM
From: Dauntless  Read Replies (1) | Respond to of 7041
 
Spoke to the company & they confirmed that they DID purchase some shares today. They are prohibited by various SEC rules from divulging how many shares and at what price. There apparently are many regulations controlling a company's trading of their own stock - in order to prevent manipulation of the price. I think they must include this activity in the quarterly report.

However, they did buy!!!!