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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: Clive Roberts who wrote (5685)11/20/1998 4:05:00 PM
From: Steve Fancy   of 6136
 
Hi Clive...

Yes this stock amongst others had me pressed flat against the wall. I still feel that based on what other companies were doing to support their stocks, AGPH was negligent, but not the first company, not the first time. I am out of all my naked puts. Bought the last 10 back today at 7/8. As soon as I did the stock went up of course...looks like they would have expired worthless. Oh well, 20 Nov 40's expired worthless. Entire deal still generated a reasonable profit.

Down to 2K shares...I'm a happy guy. I sell calls on first sign of significant weakness, or when the stock hits 47-50, whichever comes first. Unfortunately on the stock I still have additional losses to recoup due to 1K shares I sold at 22 1/2.

Good luck everyone.

sf
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