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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: Kumar Nathan who wrote (265)2/9/1997 10:32:00 PM
From: John Metcalf   of 6136
 
The possibility of a share price retreat after Viracept approval is a logical function of strong focus on Viracept in the business press. Not that much is known about Thymitaq, the Roche deals, MMPI, or GART. Though there are strong indicators that Viracept will sell well and will be profitable, that's not the same as earnings in hand.

As the rest of Agouron's pipeline becomes better known, and as Viracept earns a profit for the company, new waves of stock price appreciation will ensue.

I'm not selling on a retreat -- the risk of being out of the stock is greater IMHO, than the attraction of profit-taking.
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