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


To: Linda Kaplan who wrote (3747)5/1/1998 10:58:00 AM
From: Alan Newman  Read Replies (2) | Respond to of 7041
 
Schwab certainly did not have shares to short, and I tried several times. Finally gave up, and bought Put options, which are now almost worthless, but a smaller loss than if I had shorted instead.

I would guess that having shares available to short will drive the price down a little, as people who wanted to short now can.

The part I'm still curious about is why shares are suddenly available. You suggested that maybe the people who own the shares now have them in margin accounts at brokerages. That makes sense.

Alan



To: Linda Kaplan who wrote (3747)5/1/1998 11:35:00 AM
From: Dauntless  Read Replies (3) | Respond to of 7041
 
Linda, that's dishonest

I've not said anything to you lately although you have continued to to make derogatory references about me in your posts. That's OK, you are what you are.

DO NOT, however, expect to twist my words to your liking and not hear about it.

I wrote that I had reduced my position because I was uncertain as to the effects of Asensio, Wexler and you could possibly have on the stock - it just was not worth the risk. None of the recent movements of this stock, up or down, can be justified in any fundamental manner - they're emotional. The liars had driven it too low, it recovered to 20 on its own, and has risen above wht I think is justified by the patent announcement.

What you implied -

<<<The people who had lots, sold a lot as it rose, glad to take their profits on a company that has questionable earning potential.
Dauntless, for example, said he'd lightened his position considerably.>>>

is something quite different - I never said anything about ZOnagen's earnings potential. You are attempting to prove your opinion by quoting me out of context thereby FALSELY assigning an attitude to me.

My opinion remains unchanged - Zonagen will, in the long run, trade at MUCH higher values than where it is today - because of the ultimate success of their products in their markets. Attempting to play these emotional market moves is simply not my style - my average investment right now has been held for just over 600 days.

I'd appreciate it if you'd live up to your own promise and have nothing to do with me. I'll try to endure losing your "friendship".