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

To: Braddock Bull who wrote (2571)	2/27/1998 1:52:00 AM
From: Linda Kaplan	Respond to of 7041

Brad, Why would shorts cover now? The article damned Zonagen on every possible level and gives little hope for the company. When Viagra is approved, Zonagen will surely be hurt. I can only assume that the only buyers now are those who are uninformed, misinformed or personally invested in shoring up the company (work for the company, perhaps). We all hate to admit we were wrong. I admit to having held LIPO for ages after it went from 25 to 8 (in a day) and then drifted down to 5. I kept hoping for a revival, against medical advice!! My friend hounded me to dump it saying it had nothing to give it new life, but I stubbornly held on. Similarly, other stocks. So I can understand people hoping that the company is better than it sounds. Still, if they can get 19 for Zonagen now, isn't that better than waiting till it halves in value from here? I'm surely not saying it will, (how could I know?) but in my experience with stocks of this kind, once they clearly don't have a product, or don't have a product viewed as successful, the value of the stocks drops markedly. Look at VVUS, which has a successful product, and did it without advertising! I paid 35 for VVUS and it's 11-12 now. What hit VVUS? Viagra is one of the two things that decimated VVUS in my opinion. Zonagen is prone to the same or worse Viagra flu as VVUS, isn't it? Linda