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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Marlin C. Harmon who wrote (3976)	11/16/1997 4:07:00 AM
From: Fred Weiss	Respond to of 120523

AGPH is retesting its summer lows and is at a support level from which a bounce seems probable but IMO will not be sustained. I would look for a break in support at 40 followed by a continued move to the area of $31 which is the low of last April. There is only weak support levels between $40 and $31. Of course, with any biotech, perceived fundamentals and news will prevail over technicals. But without some good news out of Agouron, I doubt it will be able to sustain current price levels. If I were going long I would definitely consider some puts as a hedge. Good luck. Trader Spud