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

To: Hank who wrote (4675)	7/5/1998 10:04:00 PM
From: Linda Kaplan	Read Replies (1) \| Respond to of 7041

Hank, I agree about the fact there was support at 20. What interested me is that despite the hype being circulated about filing in Europe and making money in Mexico (note that there was no documentation provided for this, despite three requests), the stock didn't go up that much from the support at 20. In the past that sort of hype (my experience with this stock is that what we hear is the tip of the iceberg -- it's really being pumped a lot if we hear anything at all of those rumors), the stock moves fast and strongly upwards. The fact they got less than two points on that hype says to me that the upward thrust is weak and the stock will soon fall back under 20. When guessing about a stock's movement, you always should have a disclaimer related to news. In the case of ZONA last week we had those two positive rumors. That is what I think blew my guess out of the water. But since the rumors didn't move the stock so much, I'm thinking now, unless there is more news, or genuine news from the company, the stock may start to fall again. Well, you're right. I'm a soft-hearted person by nature and even when dealing with people who are mean-hearted sometimes it's hard for me to follow through and go for the jugular the way they would. After the Mac Expo I might have more time. :-) Linda