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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: Captain Jack who wrote (5278)9/9/1998 6:52:00 PM
From: Intel Trader   of 6136
 
re upside, for you longs, I hope so John. The recent events of our slightly wounded bull market don't have me hoping for much more than that AGPH may pull back to its recent low area where I may become interested again. The run over the last couple of days to 29 was rather phenomenal.

Careful on the s/l on overnight holds. They work fine during the day, if a stock isn't halted, but I'm sure you know that ; )

I may be wrong here, but as I see it, we will have continuing weakness in the markets until the presidential leadership issue is resolved. Such weakness can pull Agouron down below the recent lows where it could remain. However it eventually concludes, it needs to be relatively quick (ie clear Clinton of all wrong doing [highly unlikely] or resignation), otherwise things could turn very ugly over the next few months (impeachment).

Best regards,

it
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