Agouron Pharmaceuticals (AGPH) Message Board

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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: PAL who wrote (4323)	5/18/1998 4:42:00 PM
From: Steve Fancy	Read Replies (1) of 6136

No, Ms Wang does not carry much if any weight. Her reports never move the stock that I have seen. She and/or her company have maintained a 65-70 12-month price target going back to mid '96 I believe. I guess the logic is that if you maintain a price target long enough, sooner or later it may get there. Doug Lind who used to work for PaineWebber seems to have some influence though. He moved to a new house, I believe Morgan Stanley. His 12-month target is $51 if memory serves. I believe the unrelenting stream of insider selling doesn't help. A couple of open market insider buys would really boost confidence...probably take us over $40. I sometimes wonder why they don't do this, even if confidence is low...many investors specifically follow insider buys. sf

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