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Biotech / Medical : Agouron Pharmaceuticals (AGPH)
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To: Izzy who wrote (4245)5/6/1998 8:25:00 PM
From: Steve Fancy   of 6136
 
Isaac, I came back in from trying to beat the rain on yard work to clarify...I didn't fully answer your question. Seems to me the 52 week low was in the twenties...the stock had broken key support at 34 a couple of times...quite often stocks with no news tend to move with the market. We've had a couple of down days. If it hadn't been for the excitement, I can almost guarantee it wouldn't still have been at 33 1/2 to 34.

The thought of all the private email floating back and forth to try and shut me up really bugs me. I have to try and deal with facts and opinions, of which there are many if you look on this company. Like it or not, sentiment has not been on our side, and I have and still am trying to get to the bottom of it. As I told you, I'm making decisions in the next week or so as to whether I should bail from my AGPH positions at a huge loss that I think I've mentioned to you. My gut based on the excitement is to hold a little longer. But my gut also suggest that AGPH advanced cancer drugs may not measure up to others, and may be short lived. That coupled with the increased competition in the HIV market, may keep AGPH a medicore investment at best. Then again, someone may come in and buy 'em up at a huge premium.

I wish us all the best of luck...I really do. I won't pretend though.

sf
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