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Biotech / Medical : wla(warner lambert)
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To: John Romeo who wrote (822)6/14/1999 9:52:00 PM
From: Anthony Wong  Read Replies (2) of 942
 
Thanks, John, I caught the Agouron piece on CNBC. I believe WLA had also highlighted the Agouron pipeline during the recent analyst meeting.

<Could current price decline be exacerbated by sellers of these new shares?>

IMHO, there shouldn't be much more selling at the present price. The lack of buying is perhaps the reason for the price weakness. The recent Reuters piece at #reply-10097196 quoted an analyst's view that the sector won't recover until the end of the year. I would agree with that view.
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