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Biotech / Medical : AVIGEN(avgn)
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To: TEColeman who wrote (88)9/5/1997 9:31:00 AM
From: Amir Shalit   of 228
 
Hi TEC, I was through with Gateway on June expiration. It
had to go below 25 (or 50 split adjusted) to break even and
it wasn't even close. I only had about $600 in puts so it
wasn't a big deal. It did feel funny to be right on the
fundamentals and wrong on the stock price. I was really
amazed to see it going up to 45. If it goes back up close
to 40 I may play it again but I doubt it. Heck, it's the
second quarter in a row with sub-par results.

Good luck with AVGN. Do you own any other biotechs?
As of late July, I'm out of the market with the only
exceptions being Boston Chicken, HQH (i.e. H&Q Health CEF)
and a very small position in Avigen.

Amir
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