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Biotech / Medical : Agouron Pharmaceuticals (AGPH) -- Ignore unavailable to you. Want to Upgrade?

To: Steve Fancy who wrote (2929)11/21/1997 3:37:00 PM
From: margie  Read Replies (2) | Respond to of 6136
 
The price drop is related to options expirations,. Don't panic and sell. Last month the price closed at 50, at exactly the strike price. Somehow it manages to close at the point where the dollar amount gained and lost on expiring contracts is closest to even.
I was hoping it wouldn't go below 40.
James .Cramer has said that whatever direction it goes on options expirations, it goes the opposite after. That's not a gurarantee, but that's what usually happens.

Anyone think we can make it harder to close at 37 1/2 if we hold on and don't sell?
I would hope no one would sell at these prices..



To: Steve Fancy who wrote (2929)11/21/1997 7:46:00 PM
From: james  Respond to of 6136
 
SF, I have been told that option-trading is legalized gambling. My sin is short-term trading (1-5 days), because 6 out 8 of my long-termers went down the rat hole, lesson well learned. Don't have time for day-trading, though it is exciting. I just looked at the chart (amature level), & it doesn't look too good. But in this market, who knowes?

good luck


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