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Biotech / Medical : Agouron Pharmaceuticals (AGPH)
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To: Steve Fancy who wrote (5541)10/20/1998 2:37:00 PM
From: Steve Fancy   of 6136
 
Covered half my position with 30 November 35 puts. I figure if the stock goes up it'll stall out at 40 and worst case I lose 3/8 to 1/2 point on the options. If the stock were to drop to 32 the options should be worth about 4 1/2 or approximately 13.5K.

I really want to see this stock over 40 but historically seems she sell's off after a pre-earnings run-up and in-line to above earnings report.

Good luck everyone!

sf
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