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

To: Pete Mason who wrote (5856)	10/8/1998 2:09:00 PM
From: Linda Kaplan	Respond to of 7041

Good for you! I covered a little bit, too. Linda

To: Pete Mason who wrote (5856)	10/8/1998 2:32:00 PM
From: Linda Kaplan	Read Replies (1) \| Respond to of 7041

By the way, Pete, I do think ZONA will have more days like this. For one thing the bear market isn't over. For another, there's nothing to keep the price of the stock up! There is a long time between now and possible approval or non-approval by the FDA, and the drug is questionable. It's dead money for the longs, especially in a bear market. And with all the margin calls, everyone who is long in anything needs cash. So ZONA is a good choice to sell, on the theory it can be bought back cheaper well before the FDA decision is released. But there's no guarantee, so I lightened my position, too. Linda