Agouron Pharmaceuticals (AGPH) Message Board

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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: Joe E. who wrote (5540)	10/20/1998 1:55:00 PM
From: Steve Fancy	Read Replies (1) of 6136

I think there's a good possibility AGPH sells off tomorrow. After the run up, I suspect no amount of earnings surprise will hold the stock at these levels...unless we hear positive news on the pipeline or Oncology division. We'll need one heck of a catalyst to pop 'er up over 40. Even if great news, the shorts will likely put a negative spin or even rumors to bring it back down. Too many companies have blown away earnings and gone down lately. I'm going to partially cover at least 1/3 of my position with 20 35 puts. Considering covering 2/3. If she falls, I would expect 30-35. I suppose my statement yesterday that there are much better stocks to play with pertained to options. Shorts are the controlling manipulative factor here IMO. sf

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