Magainin Pharm (MAGN) Message Board

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Biotech / Medical : Magainin Pharm (MAGN)

MAGN 8.890

+2.2%

Nov 7 9:30 AM EST

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To: Cody Goebel who wrote (67)	8/6/1997 9:26:00 PM
From: Kevin Stull	of 233

Have not heard a peep about the status of any trials. This previous flirtation with +8 is becoming a pattern with this company and judging from the trading patterns seems a little curious. I noticed that on at least three occasions last week blocks of 250,000 shares were traded. Outside of those transactions the volume was light at best. Perhaps it pulled people into the stock thinking that something big was happening when in reality nothing big was happening at all. I was half expecting an announcement or news story of some kind to explain the spike, but when it was apparent that none was forthcoming, I sold some Aug 7.5 calls. If the stock stays at 7 5/8 bid I'll be safe and can see what will happen next month. This stock definitely takes patience and until there is a credible story with respect to a trial, new drug etc. we will be adrift between 7 and 8. KS

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