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


To: McNabb Brothers who wrote (5844)10/7/1998 12:50:00 PM
From: Linda Kaplan  Respond to of 7041
 
Hank,

The stock is holding at 14 for now, but given that it's dead money for a year, and people are getting margin calls, it does seem like the bottom could fall out of ZONA at any time, bringing it to the area of 10-13, which the first target I identified a while back. I think 10 is a realistic initial target, as you said too. Once it goes below 10 it could go really low. A lot of stocks trade below book and this one might easily, especially because of pending law suits.

Linda



To: McNabb Brothers who wrote (5844)10/8/1998 7:48:00 AM
From: Linda Kaplan  Respond to of 7041
 
Watch things today. With the market this weak, ZONA might break down, even down to your target. Better stocks have done that already.



To: McNabb Brothers who wrote (5844)10/8/1998 11:52:00 AM
From: Linda Kaplan  Respond to of 7041
 
ZONA hit my first target area a few minutes ago, trading at 12-3/8. Recall I said (a few times, including today) that 13-10 would be the first stop. It seems to be going lower, but I won't have a new target till I watch it for a while.

Linda