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Biotech / Medical : Agouron Pharmaceuticals (AGPH)
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To: per strandberg who wrote (2744)11/12/1997 9:41:00 PM
From: JOHN W.  Read Replies (1) of 6136
 
I am in the same position. So much has improved and come to fruition and the price is lower than when I bought prior to approval.

If there are some that are shorting AGPH at these levels, they are either fools or they know something we do not.

Although IMHO, the results from VX-478 were very encouraging to the future success of AGPH (discouraging to those that saw this as a far superior PI than anything currently on the mkt), I find it hard to believe VRTX will trade tommorrow at a 52 week low

The global equity crisis was certainly the catalyst, and nothing will get better until this anxiety is over (when will we decouple from ASIA?). The bigger picture is, if someone can make money anticipating further decline into the low 30s because the mkt is dragging it down, then where would the Dow's bottom be. Nasdaq? Scrip data although is very positive is pissing on an global inferno. A discussion of the near term price movements will be decided by this Asian FLU crisis (I wish they had a PI for this). Right now, no one can see the bottom of the Hang Seng. If this retest of the lows breaks through 6900 on the Dow, where is the bottom. Will this all spiral out of control (with help of another war in the gulf) until we have a global recession, even possibility of a second Great Depression. If the whole world goes to hell in this dark moment, people will make money shorting AGPH, but we all will have much bigger problems than AGPH's short term move.

Curious to see, the opinions of the regulars here on where the overall mkt will be at years end and in 6-12 months from now? That will be the biggest influence on AGPH.
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