SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Biotech / Medical : Zonagen (zona) - good buy? -- Ignore unavailable to you. Want to Upgrade?


To: Linda Kaplan who wrote (2752)3/13/1998 10:06:00 AM
From: Craig Markell  Respond to of 7041
 
"YOU ARE HEREBY NOTIFIED". I could help but laugh when I saw the way the release was presented. I guess I wasn't the only one that laughed since Zonagen opened higher. The lawfirm probably has a short position too.



To: Linda Kaplan who wrote (2752)3/13/1998 10:44:00 AM
From: Dr. Voodoo  Read Replies (1) | Respond to of 7041
 
Linda,

Biotechs on a tear this morning--looks like it might be the makings of a good rally. Probably alot of speculation and TA buyers in for ZONA. I really don't know what to make of the news/price action. Seems quite strange to me, but then again sometimes it takes awhile for news to settle in. Case in point IDPH, tax loss selling gave folks about 2 mos to get in before the train left the station.

Rob



To: Linda Kaplan who wrote (2752)3/13/1998 4:48:00 PM
From: Bill Wexler  Read Replies (1) | Respond to of 7041
 
<<What is moving this stock higher?>>

Simple. A relatively small float with a large short interest makes it very simple to manipulate the stock.

The stock will eventually hit the floor, but in the meantime it will be a tug of war with insiders who (obviously) want to dump at the highest price possible. If you check the NASDAQ clearing records for Zonagen over the past month, I would bet that over 75% of the trades were inter-market maker.