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


To: Bill Wexler who wrote (6052)1/6/1999 7:38:00 PM
From: Bill Wexler  Read Replies (3) | Respond to of 7041
 
A message to the thread:

On several occasions I described the relationship between these three Texas biotechnology stock frauds:

TXB
ARNX
ZONA

I have already shorted TXB (profitably) and have been shorting ZONA as high as the mid 30s. ZONA will eventually and inevitably collapse into the low single digits.

I have also described Martin Sutter's role in these companies. Martin Sutter runs Essex Ventures - also known for its involvement with the Peritus (PTUSE) stock fraud.

Clueless (AKA "Dauntless") has been touting these three "companies" for quite some time. Since Clueless wishes to attack me by claiming my old posts represent current performance without accounting for the fact that I changed many of my positions long ago and - in fact - my short/long record is excellent, then let's take a quick peek at some of HIS old posts.

Re: TXB

This one was his first appearance on the TXB thread on 3/4/97

Message 923299

At the time TXB traded for around 5 a share, it is currently 4. Down 20% in the greatest bull market in history.

Re: ARNX

This one was his first appearance on the ARNX thread on 5/7/97

Message 1354134

At the time ARNX traded for around 4 a share, it is currently 2. Down 50% in the greatest bull market in history.

Re: ZONA

This one was his first appearance on the ZONA thread on 2/26/97

Message 888391

At the time ZONA traded for around 16 a share, it is currently 22. Congratulations Clueless. Your one big winner is up 40%. Of course, the victims who bought at the top of the pump (around 40) are probably not smiling right now.

I should note that Clueless has NOT changed his opinion about TXB and ZONA (I don't know how he feels about ARNX now that it's a near penny stock, but I bet I know how the ARNX victims feel!)

Two outta threee ain't bad, however one (sort of) out of three...well..ah...er...uh. Wouldn't keep holding ZONA for the "long term" though Clueless...cause you'll eventually end up with three nasty strikes.

Those of you who have actually FOLLOWED my thread and my investing strategy know that Clueless is simply trying to misdirect the focus away from the Zonagen fraud by childishly insisting that anything I said or did since I wrote my thread header simply doesn't count.

But just for grins, let's take a look at my investment performance since I went net long on the market in the fall and how it stacks up against the awesome genius of our favorite crap-stock tout:

Message 7137492
Message 7137500
Message 7137513
Message 7137521
Message 7137530
Message 7137545
Message 7137560

In the following months I promise FAR more entertaining material on the Woodlands soap opera and perhaps a few tiny hints about things I know that will keep Clueless cringing.