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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: Steve Fancy who wrote (4700)7/2/1998 1:01:00 PM
From: Izzy   of 6136
 
AGPH stock price drop is certainly coming as a shock to me as I obviously expected the price to go up after the Geneva presentations. I have had a long talk this am with my broker, who tells me (again heresay) that Lind is in Geneva now and presumably is going to issue a "strong buy" on AGPH (? when) at the present price. I previously raised the issue about AGPH expending/investing so much money recently on other companies and the potential impact on upcoming and future earnings (no one replied). IMNR has also gone "south" today (amazing!) in spite of reasonably good Geneva reports. Isn't there another AIDS conference coming up? Just seems like today is not a good stock day (for the longs); even the internet stocks are down. Hopefully next wk will be better for AGPH/IMNR. Steve, what are the AGPH call options doing now? I'm tempted to go after some calls.
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