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


To: Myron David Kor who wrote (2310)2/11/1998 5:07:00 PM
From: Bill Wexler  Respond to of 7041
 
Simple. Because (a) the stock is manipulated and (b) there's a sucker born every minute (take you for example).

Even though I am 100% sure that the company is a sham, I am also aware that there are a lot of naive investors out there who will buy the stock for a variety of reasons. I also know that this stock is heavily promoted and that shares available to borrow are scarce....this means that any market maker can mark up the stock pretty much at will, wait for enough shorts to cover and then distribute on the way down.

Just because i hedged with options doesn't mean I covered or have been forced to cover any stock. In fact, I have already bought back some of the puts I sold for a profit. The stock will eventually trade in the single digits....it's just a matter of time.

Zonagen is a fraud and a scam, and Joe podolski is a filthy crook.