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Biotech / Medical : Agouron Pharmaceuticals (AGPH)
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To: billkirn who wrote (755)5/16/1997 8:31:00 PM
From: John Metcalf   of 6136
 
Bill, I'm sorry for the clumsy manner in which I asked for clarification on the signal you mentioned in post #753. You quoted Professional Tape Reader which said that $74 was the point where shorts should be covered and puts should be sold. What I meant to ask was whether the intraday high on 5/15 (74 1/8) touched this signal, or was a close at that level required. With today's trading and close significantly higher, the point is moot. In fact, as you've added today, a short squeeze may well drive the stock higher.

I am aware of your long-held interest in Agouron and did not think you were short the stock. Those who were have obviously just made significant money -- congratulations to those who traded successfully. Of course, this discussion is better when it includes several points of view.
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