Agouron Pharmaceuticals (AGPH) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Agouron Pharmaceuticals (AGPH)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Izzy who wrote (2315)	10/14/1997 3:31:00 PM
From: Randy Schmid	of 6136

Hoo Boy, what a deep ride this stock is! I decided this afternoon to leg in the sold portion of a bull spread, selling Nov. 55 calls at about 2 7/16, to complete the Nov. 47.5 calls I bought. I limit the upside potential, but also lower my break even point. $750 per contract is a nice profit if we're at 55 or higher in November. Just having trouble keeping focused on other stuff when AGPH plunges for no apparent reason (or was it VRTX's sort of encouraging results?). If I'm a decent contrarian indicator, the stock will finish up from the day's low, and start heading up. Schmid's corrolary to Murphy's law is that on emotion, Schmid will make the worst possible financial decision, and I didn't have the stomach after two weeks ago to see things go south again. Now if things drop further, I can always buy back the higher calls for some downside protection. Tough day in the market today anyhow, although I've gotten accustomed to watching AGPH buck the trend and follow its own drummer. Options boot camp for this private! Regards, Randy

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next