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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: JOHN W. who wrote (2032)10/2/1997 7:58:00 PM
From: biopicker   of 6136
 
I sure was wrong when I said I thought the stock would hold the 46-1/4 low and rally into the earnings. It really surprised me but the market does these things. We should remember that because of a religious holiday today many portfolio managers and brokers and traders were not at work. These days always provide for a lot of volatility with not particularly heavy volume.

In any event, tomorrow will be better. The fundamentals are as sound as they have ever been, and the stock is just becoming a better and better buy. There will be three conference calls tomorrow, Paine Webber at 9:30am with a prominent clinitian, Lehman at 11 am with another clinitian, and I believe Cowen's David Stone will also have a call. From the clinitians we will hear the facts, and after having reviewed the research from the analysts who were at the conference, Agouron made an extremely impressive showing, and David Crossen's views are not shared by many.

Good luck to all, and keep smiling. Tomorrow is going to be great!

PS - Izzy, put your Valium away and save it for the shorts. They are going to need it shortly.
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