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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: Steve Fancy who wrote (4244)5/6/1998 5:02:00 PM
From: Izzy  Read Replies (2) of 6136
 
Steve, what does AGPH have to do with the Asian market? As far as I know, there sure is alot of AIDS in that area of the world and Viracept sales should be excellent, as well as everywhere else in the world. AGPH is making money (no deficit) and has millions of dollars in cash (certainly adequate to fund further R&D). How in the world could you conclude that the price could conceivably go into the 20s? I just paid that price range for PCOP (for long term holding). IMO, maybe you should talk to someone in IR since your anxiety level seems to high (non-medical opinion). Good thing you didn't buy ENMD (unless you bought last wk and sold this wk). Biotech companies are somewhat difficult to invest in unless you know the industry (just like I know nothing about computers but even I bought CPQ in the low 20s and sold today >30; but I felt very uneasy when I first bought the stock). Andreas and some others perhaps can continue to provide all of us the current technology and progress in the biotech field, which will continue to be very lucrative for companies having a successful commercial product (BTW, I also like Andreas' web site but I think he used my picture instead of his). I still think that you will get more than your ave cost just by waiting until this quarter's earnings are reported. I'm just trying to help assuage your fears. Somebody help Steve and others by posting today's San Diego Tribune AGPH article. Enough from me today...I'm not worried (yet)..Your friend...eom
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