Agouron Pharmaceuticals (AGPH) Message Board

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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: Izzy who wrote (2883)	11/19/1997 2:17:00 PM
From: billkirn	Read Replies (1) of 6136

Izzy: It seems to be building a base here? My guess is the 39 point is pretty important. If it goes below this point, I would expect it to test the 32 point. Not a pretty sight for those who own options like me. If you have unlimited resources, and it breaks 39, the 32-35 could be a great long term buy point. Personally I am exercizing some of my options. The two charts I still follow have yet to show a turn around coming. My sense is it could go to its normal low point of around 20% below its 200 day moving average (~35). It did this around July 1996. Also, a very unusual occurance, the 200ma has turned down and with the stock below its 200ma it could produced longer periods of retracement than one likes to think. Remember, stocks will move to their extremes. It has been pretty hot over the last 16 months. The perception right now seems to be less than super positive and exciting, so the stock price will probably find a place that reflects this perception. I am sure this will change in time, but maybe not in the right time. To leverage or gamble has its difficult moments. Bill sonic.net 0r sonic.net

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