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

To: Mike Farrar who wrote (5804)3/31/1998 6:44:00 PM
From: Jacques Chitte  Read Replies (1) | Respond to of 18691
 
Zonagen had a ten-million-dollar extraordinary gain. Remove that, and Zona's numbers look awful imho. I'm too tired to predict a bloodbath tomorrow, but I wouldn't be surprised to see Zona back in the teens by week's-end.



To: Mike Farrar who wrote (5804)3/31/1998 7:45:00 PM
From: Roger A. Babb  Read Replies (2) | Respond to of 18691
 
Jeff, I was surprised that ZONA did not gap up today. After all, missing earnings produces a higher future growth rate. In today's market it is bullish to miss earnings! Better yet, have no prospects of any earnings. I am still short ZONA but fear that it will jump up on the lower earnings, especially since next quarter is likely to be even lower.


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