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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: chester lee who wrote (5176)	3/18/1998 1:22:00 AM
From: BDR	Respond to of 18691

<<But, if I may, what is your rational for ZONA going limp at 24-1/2??>> I don't know at what price ZONA will stop rising but a related event may affect the price. I understand that the clinical data for Pfizer's Viagra will be published in the New England Journal of Medicine in two to three weeks time. Also, the FDA may act on the approval of Viagra by the end of the month according to some who know how the timetable of expedited drug reviews works. If the data is promising (read the paper carefully) and if the FDA approves the drug, then ZONA may drop. Rather, it should drop since phentolamine alone does not have the ability to generate an erection even if it can be absorbed through the GI tract, but in this market these negatives could cause ZONA to rise.

To: chester lee who wrote (5176)	3/18/1998 1:35:00 AM
From: gaohong xie gary Xie	Read Replies (1) \| Respond to of 18691

I am drawing 24 1/2 stop point for ZONA is purely from angle line's theory, which is simply means that top will be formed for underperforming stocks (smaller from 45 degrees) plus option strike price is 25. I found this top is reasonably good indicator. Of course if time goes on then top point also increases. But in ZONA's case, I am more inclined that it is option driven and MM's action. One could check many stocks that after touch 45 angle line, it goes done, DWRX, NSPK, BEAS ... I hope I am not influence any of you guys decision regarding the ZONA, however, I sure plan to short the sucker once I get some money out of other shorts covered. Wish DWRX, NSPK, ZITL, RAYS, BFIT all down 1 point. good luck to all