Trega Biosciences (TRGA), formerly HPIP Message Board

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Biotech / Medical : Trega Biosciences (TRGA), formerly HPIP

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To: Sam Pantel who wrote (22)	5/3/1997 11:40:00 AM
From: E.J. Neitz Jr	of 152

Sam-Not sure but have some thoughts.. Some of the smaller biotechs have not responded at all--yet, but it is discouraging that TRGA ( new name and symbol) has dropped in price. To me as I watch the insider buying continue my guess is that with the name and symbolchange, it is just sort of forgotten . The only possible negative--and I do not think it is a real negative is that Argouroun Pharm just announced the purchase of a small company that is into combinational chemistry--like Trega Biosciences is--this may have spooked some institutional traders--but the volume has been low-- suggesting that there were some sellers and no buying interest--anyway I will probably average down on this one, unless H&Q drops their recommendation on this--but I have not heard anything like this---I think the stock will move up sharply when there is some positive news--this seems to be the pattern with this stock--best wishes.

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