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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: JOHN W. who wrote (3017)11/27/1997 10:04:00 AM
From: Bhag Karamchandani  Read Replies (3) of 6136
 
Given the discussion on AGPH stock price, I would add the following for any one to check out the provocative hypothesis: Those who buy AGPH on good newslose money. Two examples: Typically for weeks before the two major press releases, from AGPH last year, first confirming Viracept's effectivenesss in a cocktail trial and the second announcing FDA approval, the stock price went up steadily prior to these announcements and then dropped sharply on the announcement. To a 'paranoid' this would suggest that there are some who are privy to 'highly reliable' rumours which allow them to take positions which get sold off on good news- when the average individual / retail customer usually buys in.
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