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

To: drsvelte who wrote (4605)	6/23/1998 10:17:00 PM
From: chester lee	Read Replies (2) \| Respond to of 7041

drsvelte, I'm familiar with SCTR. I agree with Bill Wexler on this one. Two thing I find uncomfortable with this stock is: 1. The huge (getting raped by the MM) spread. The spread at the close is 1/4, but all day long the spread was one point or more. OUCH! 2) the volatility. High for the day was over $3 above open. I find that I do better shorting broken stocks like PNDA or CFON or stuff like that, rather than high flyers. The last high flyer I shorted was BAANF, which doubled on me until I started covering. I'm still recovering from my losses in BAANF. Anyway, SCTR is on my watch list, but I will not take a position until is starts trading down with a established trend. If you like broken stock, check out KMAG. I took a small short position today at $6 to hold my interest while I do some due diligence. I suspect there will be more bad new to come. chester