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Biotech / Medical : Agouron Pharmaceuticals (AGPH)
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To: Peter Singleton who wrote (4808)7/7/1998 4:29:00 PM
From: Intel Trader  Read Replies (2) of 6136
 
Today we closed at the day's high, with relatively strong volume during the upswing that lasted until the day's end -- totally unexpected.

Apparently something may be going on with AGPH that we aren't yet aware of, perhaps the leak of a product result or ?

If that is the case, we could see a substantial gap tomorrow morning, and a run that could surprise longs very nicely. (I'm looking for a target to the mid 30s from here)

I hope that somebody at the higher echelons at Agouron got the message, decided they didn't want the company to lose more of its market cap with AGPH appearing to head for the teens, and is finally setting things straight.

Regards to all,

it

PS for Peter: what makes you think that some of the big players in AGPH lost *any* money? You can count on it that they had some sort of hedge, options straddle etc. that would keep them out of serious trouble -- just a thought. : )

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