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


To: Linda Kaplan who wrote (4899)7/20/1998 4:30:00 PM
From: Mark the K  Read Replies (1) | Respond to of 7041
 
Linda,

Today's activity was very interesting...the candlestick on Zona for today could not have been worse, opened at the high, closed at the low, 10%+ range. Someone is quietly dropping out...no takers for the last few hours, as the stock dropped and dropped, little by little.

I have this feeling we will see a big drop soon, you know one of those 2-3 day 2-3 point per day drops, there is support in the high teens...and since they always prop it up at the start, hm, maybe I could get some more nice puts at the start tomorrow and watch em drop...I wonder what news is about to hit, since surely some news is coming, and not good....at least this has been the pattern...

Mark