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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: t36 who wrote (575)4/3/1997 12:25:00 AM
From: George T. Santamaria   of 6136
 
Can't answer that one but will offer a few possibilities:

Someone once said a stock thrives on Romance and dies on statistics. In this case, we all know what the romance is but the grim statistics are that Agouron has to build sales real fast, pay big salaries to a large sales force and all this has to hit a fairly narrow market window to succeed. If the sales grow faster than projected, we can breathe a sign of relief.

Everyone is afraid of the market power of AGPH's competitors.

Somebody thinks that a few rate increases in the Fed will actually have an effect on whether I think I should buy AGPH or buy bonds.

Somebody thinks all biotechs always lose money.

NASDAQ stocks are going down, AGPH is a stock
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