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


To: George T. Santamaria who wrote (3333)12/16/1997 1:38:00 AM
From: JOHN W.  Respond to of 6136
 
No argument there, but the stock was trading down severely for days prior to the announcement and there also seems to be some company insiders selling large positions when the stock was still in the 50s.

Could todays action be a redistribution of tech money looking for beat up-oversold stocks whose earnings are impervious to Asia over the next year? I don't think of AGPH as a defensive move or a "flight to safety" and other biotechs really didn't move today. Could be a fluke, interesting day tommorrow.