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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: sam who wrote (5180)8/19/1998 1:49:00 PM
From: Steve Fancy  Read Replies (2) of 6136
 
She's selling up a storm today. Again, can't help buy wonder if this is short covering or something else is up. Sam, where have you been hearing buyout talk? I've only seen it mentioned in casual conversation here and Yahoo. Options activity, although some reasonable volume at a couple strikes today, doesn't seem to suggest anything unusual.

I think it's shorts...not much reason before today to cover. Doesn't seem that a long upgrade from neutral to buy should have this impact though.

sf
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