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

To: Jacques Chitte who wrote (3619)	4/27/1998 9:24:00 PM
From: Hank	Read Replies (1) \| Respond to of 7041

The money flow had shown signs of going negative during the last run but it reversed during the PFE hype and is now very positive. I still think you'll see a retracement back to the 50 day MA with a bottom around 24-25 but I won't be surprised to see another rally back into the 30's. You have to figure there is at least one more event to pump up the stock price- the NDA filing. Unless that is delayed yet again, we aren't going down for the count just yet. I know some are hoping for a positive reaction to the AUA meeting. However, with all these efficacy discrepancies surfacing, I think people will be extra critical of any data presented and ask some very hard questions. I expect the reception ZONA gets at this meeting to be cool at best. It may even trigger it's next major slide. We'll see. For now though, the overall trend still points up after the current correction is over.