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Biotech / Medical : Agouron Pharmaceuticals (AGPH)
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To: Oliver & Co who wrote (3007)11/26/1997 10:19:00 AM
From: sam  Read Replies (3) of 6136
 
Short interest is the amount of shares borrowed and sold in anticipation of buying back at a lower price. Short sellers feel the stock price is going down, and often w/r/t thinly traded stocks, their sales probably help lead to this result. In theory, when they buy the stock back the stock price should rally. 7 million is about 1/4 of the entire AGPH float, and getting larger. IMHO a bullish sign.
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