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

To: BDR who wrote (6683)	5/12/1999 11:04:00 AM
From: Linda Kaplan	Respond to of 7041

I have approval to short ZONA again; just am waiting for the stock price to get higher. It's broken through 12 now and I believe 15-1/2 is the next point of resistance. Is that the way the rest of you read it? That's a good point about the reliance on SGP's investment as an indicator of the validity of the drug. As for dead money, I've got plenty of it myself. It's hard to admit you're wrong, and take the remnants of the money. With ZONA if people really think about it, they'll realize they should not waste another year on it, but a lot of people don't think, or because it's hard to admit a mistake, they listen to the hypesters who are trying to twist this failure into a positive. You heard Joe P claim this is a positive, right? They're building for a better marketing effort? Well, that's nuts. The best marketing effort would be approval. If they can get better trials to advertise in the future, they can always have thrown them into their ads. But people who can't admit they were wrong, will try to believe this story, I guess. Meanwhile, the truth will eventually sink in and I'd like to be short for that ride down. Linda