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

To: Dauntless who wrote (1239)	12/22/1997 12:02:00 PM
From: Rick Slemmer	Read Replies (1) \| Respond to of 7041

Congratulations; you've just made the case for the bears. The soonest you can look for value in Zonagen is 2 or 3 years, with a possible 10-year horizon. Why not put your money to work in another sector (banks are hot this quarter) while you wait for FDA investigation and [possible] approval? Why take a long-term outside chance as the stock continues to slide? The stock market is not a gambling casino. You're not supposed to sit through several dozen bad poker hands in the hopes that one will come up royal flush "any time now." History is littered with the dead carcasses of companies that were on the verge of phenomenal success. How can you possibly justify putting your money into a company (let alone a speculative pharmaceutical company) that has yet to make a dime in net income? At the risk of sounding repetitive, I urge you to follow the two cardinal and time-tested rules of investing: 1. Do not fall in love with a stock. Any stock. For any reason. 2. Cut your losses when your stop (5% to 10%) is triggered. (and I just know you have a stop with ZONA - right?) Good luck! RS

To: Dauntless who wrote (1239)	12/22/1997 4:20:00 PM
From: Bill Wexler	Read Replies (1) \| Respond to of 7041

<< By the time a drug reaches the NDA phase the approval rate probably reaches 85% - 90%. Probably 25%-50% go through the FDA smoothly,>> This is horse manure. But in Zonagen's case, still irrelevant. Since their Phase II and III trails have failed (trust me - if the drug was truly effective, we would have seen 10 press releases by now), and the company is now going to do more testing, we can rest assured that an NDA will not be submitted anytime soon - if ever. Zonagen is a scam and a fraud.