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

To: Claud B who wrote (1145)	12/19/1997 10:41:00 PM
From: Bill Wexler	Read Replies (1) \| Respond to of 7041

I have a question for you... I've noticed that as a lot of these scam stocks (ZONA, ZITL, SOLV, etc. etc. etc.) collapse, the people on these threads who claim to be investors in the companies (assuming that they are not really shills) continue to spout the same misinformation day, after day, after day. Even as the stock tumbles and the news just keeps getting worse, they hang on to some bizarre belief that only they really understand the company's potetntial, and only they know the "truth". If the stock burps up a few points they'll excitedly start issuing proclamations of "short-squeezes" and "smart money buyers" - then they'll fret over crooked MMs and short-selling conspiracies when the rallies fade. They'll whine endlessly....sometimes long after the stock has been delisted. Why is this? When I buy a stock, I'll continue to buy more if the story gets better, and I'll sell if the story gets worse. It seems that gamblers in these fantasies do the exact opposite. Why on Earth do you think that an intelligent investor would buy garbage like Zonagen after the price has plummeted 50% and serious questions have been raised about the company's product, track record, and management? You must be praying for some sort of miracle because from where I'm sitting it's far more likely that you'll see the Red Sea part again before you see any return on this scam. If you think Zonagen is a great investment, I suggest you back up the truck and buy every share you can. Then, when the massive revenues start rolling in (any day now...honest) you can proudly come back to this forum someday boasting about your new house and Ferrari.