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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: margie who wrote (2930)11/21/1997 3:51:00 PM
From: Steve Fancy  Read Replies (1) of 6136
 
Hi Margie, you may be right, stocks to tend to gravitate to a certain strike price on options expiration. What's bothersome is that sometime after 3:00 it dropped fast...while the market regained to almost +50. It dropped with the market earlier, then while market regained, it fell further. I'll bet there is some news somewhere. Trading at almost twice the daily volume of late also. Could also be option related.

I wouldn't sell my stock at this point either. The options I had to deal with though, so that I didn't get put (or forced to buy) another 2K shares. I already own more than that.

sf
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