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

To: Rick Slemmer who wrote (1225)	12/22/1997 2:08:00 AM
From: Bruce Rosen	Read Replies (2) \| Respond to of 7041

Hello Rick. I had a nice weekend, thanks. It is getting late and since I always prefer responding to intelligent posters, I will make this my last response of the night. <<What I do not understand is why, on this and other threads, some folks insist that the market has it all wrong, that this particular company is the unwitting target of unscrupulous market-makers, paid shills, newsletter editors, and assorted others whose only crime is an opposing viewpoint.>> The initial reaction to Asensio was due to the belief by those who know the stock, that his accusations regarding patents and efficacy were old hat, and his accusations of fraud were unconscionable. In his supposedly comprehensive report, he didn't even mention the Schering deal. It also seemed as if he deliberately orchestrated a media campaign that included getting CNBC to air his views as the Schering announcement was being made, thus trying to enhance his credibility as an analyst when he was just trying to help his short hedge fund position. The shock value has worn off and imo, the stock will begin to trade on its prospects, which I believe are extremely good. If I could predict short term movements, I would act upon that, but I, like most people, cannot. The most successful investors buy companies they believe in and hold for the long term. If you can successfully trade short term, congratulations! I know there are some people who can consistently do that, but they are like my grandmother's teeth, few and far between. While Zonagen was running up, I read posts, here and elsewhere, by technicians extolling this as a great momentum stock, buying in the 40's for the ride to 100. That worked, until it didn't. I guess your position has worked for you so far. I believe it will reverse itself. Time will tell. I wish you luck with your other positions Rick. You give me hope that there indeed are shorts here capable of intelligent, dispassionate discourse.