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Biotech / Medical : Magainin Pharm (MAGN)
MAGN 8.890+2.2%Nov 7 9:30 AM EST

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To: kech who wrote (108)2/18/1998 11:53:00 PM
From: Shlepper  Read Replies (1) of 233
 
Tom,

I still only hear good things about MAGN. I think everything is on track, and if this is true, then the current price is very low.

TRowePrice is buying Magainin in the New Horizons fund.

I know I've said it every year for the last 5 years, but I think things are looking good.

I'm not sure about insider buying, though. As you said, it may have been exercising options. Insider buying and selling doesn't mean as much to me as it does to others. Most of these biotechs pay management/employees in stock and they sometimes need to pay bills. I wouldn't be surprised if the confidence in the company leads insiders to buy, but I've seen that before and the company didn't always make it.

Good to hear from you again!

Shep
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