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Biotech / Medical : Agouron Pharmaceuticals (AGPH)
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To: Frank Gaertner who wrote (1129)8/1/1997 4:21:00 PM
From: Bhag Karamchandani   of 6136
 
Was today's AGPH stock price/trading performance an indication of market makers in AGPH adroitlty covering the bulk of the 3,000,000 shares that were shown as being shorted. My SPECULATION is that if the shorts were individual speculators, then given such a large short position, particularly in relation to the small float, would have fared much much much worse??. Any other explanations or comments??
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