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

To: biodoc who wrote (6807)	5/17/1999 11:07:00 AM
From: Linda Kaplan	Respond to of 7041

Yes, that would have been one of my stops, because there was resistance there on the way up. --Linda

To: biodoc who wrote (6807)	5/17/1999 11:24:00 AM
From: Linda Kaplan	Read Replies (1) \| Respond to of 7041

It looks like it will go down a lot further, helped by the bad market. --Linda

To: biodoc who wrote (6807)	5/17/1999 11:37:00 AM
From: Pete Mason	Respond to of 7041

>> Notice how it bounced when it hit 11? I wonder if some shorts had a stop for covering. << Yes, it bounced like a rubber ball off eleven!! But it was interesting: there was a lot more volume on the way down to 11 than on the way back up. On the big day when it cratered, if I recall correctly, it blew through 11 like it wasn't even there, all the way down to nine or whatever... I'll be amazed if ZONA doesn't wind up "retesting its lows" as the TA people say. Can't quite decide to add to my short position or not today. What usually happens is that I cover bits and pieces on the way down, when someday I'd like to instead short more and more on evidence of weakness so I make increasing amounts of money as the stock looks weaker and weaker. What to do, what to do... -- Pete