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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: Steve Fancy who wrote (3064)12/2/1997 10:30:00 PM
From: Oliver & Co   of 6136
 
Remember my note on Nov 21st?

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To: margie (2930 )
From: Oliver & Co Friday, Nov 21 1997 5:39PM EST
Reply # of 3084

Someone bought today over 4,000 Dec $40 puts, this,IMO, is what dropped the price, because AGPH opened going up. And there are no news.
I would like your oppinion. Who, outside of an institutional investor, can do such a volume?, Why?, is there inside info?
Someone is betting on AGPH to drop to ~$35 by Dec. You are talking over 400,000 shares, over $16 million.
What do you think? I can tell you that my broker was going bunkers.

Thanks,
JLL

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