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


To: Linda Kaplan who wrote (6699)5/12/1999 1:47:00 PM
From: VLAD  Read Replies (1) | Respond to of 7041
 
Linda,

A few considerations while considering an entry point:

Float 6.5M

Shares traded so far today: 2.3M yesterday 2.59M and Monday 4.94M

CIBC has been trying to squeeze the shorts all day but at a great cost. I notice now that he is willing to sell at 13 1/2. This stock is worth 5 bucks tops considering the current fundamentals. I know I may not have picked the top but there is nothing to justify a price above 10 bucks currently--no way!