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


To: David S. who wrote (3686)1/27/1998 9:56:00 PM
From: BriBear  Read Replies (3) | Respond to of 6136
 
Interesting volume figures yesterday & today - any comments?

DLJ Direct Intra-day chart (5 minute interval) for Mon. 1/26 showed trading volume bubbling along in 10-20,000 range when mid-morning it suddenly spiked to 56,000 and a price increase. Then returned to bubbling until last few hours; another 56,000 spike & uptick, along with some 30K, 35K & 40K intervals & more increase. Is this a good indication that somebody knows something that will drive it higher in the next little while?

Intra-day for Tue. 1/27 looked like Monday's but with lower volume; several big-volume (relative) price-increase intervals.

A friend of mine who is a more experienced investor noted several big (50K+) trades on down-ticks few days prior to the announcement of the termination of the Roche collaboration. So I now wonder, do the big volume intervals of yesterday & today indicate good news & an increase?

I wish 1) I paid more attention to stuff I should note and 2) knew more about technical analysis.