To: margie who wrote (5297 ) 9/16/1998 9:29:00 AM From: margie Read Replies (2) | Respond to of 6136
The volume in Tuesdays options was HUGE, so it seems to me. There were 2350 calls and 990 put options traded on TUESDAY. Some here don't think options have any effect on Agouron's stock price. IMO, the stock movement was related to options because of triple witching this Friday and nothing to do with the announcement about AG3340.(Plus a little profit taking, there was a 50% increase, for those who bought at 20 less than two weeks ago) The announcement was not really anticipated or discussed much prior to its release, so I really don't think it was one of those " Buy on the Rumor, Sell on the News" moments. I doubt if those who bought or sold options today know or care what macular degeneration. The stock had already started selling off on Monday, before any news was released, after hitting 31+ earlier in the day. It declined to 28 1/2 before closing and increased slightly only minutes before closing, not unusual for agph. <<It zoomed from oversold to overbought quickly, and was probably due for a retracement. So was today a chance to sell into some otherwise positive volume, >> Scott, imo, it was this or options but not due to the news. FWIW, apparently a hacker changed Immune Response's profile on Yahoo, and on Monday and Tuesday it listed Peter Johnson as the CEO of IRC. It is not true. Agouron said that Immune Response had told Yahoo about it and Yahoo fixed it over the weekend, but I guess "someone " did it again on Monday. A hacker or joker. Maybe someone wants us to think Agouron is going to buy Immune Response, presumably to boost IRC's stock price and decrease agph's stock price. Does anyone remember the imposter on SI-AGPH- a few months ago, also several days before options expired? "It" somehow managed to post using Izzy's name. And it wasn't Izzy. Message 4088184 Is it normal for the volume on options to be over 3000 in one day? I don't think so. As far as options on Tuesday: At 9:50AM the volume on October 30 calls was 40. At 10:20 AM the volume on October 30 calls was 98. By 2:20 PM the volume for October 30 calls was 420. Did anyone notice that right after the stock price dropped in the morning someone bought 300 October 25 calls, for about ~$2.50 less than the day before? That's a big savings on 300 contracts. Then the stock price went up and someone bought October 30 calls, again cheaper than the day before. The volume for NOV30 NOV35 and NOV40 calls was 684, just Tuesday. Here's a little trivia: Tuesday's total volume of all puts and call options traded added up to 3340, if I added right. Do you think someone is trying to make this into a joke? Ha ha. It sure seems to me that this stock is being jerked around, if not by options, by shorts or misinformation or something. <I'll move my insider trading pile aside for a while and get back into it if the stock goes down to 35 again <g>> This sentence describes the attitude of certain investors, imo. In other words, if the stock price is going up, great. If it is going down, blame management. Accuse them of insider trading. There always has to be a reason and it's always someone else's fault. Message 3627465 And these same investors really think that no one pays any attention to these threads, apart from a small circle of investors. Even though posts from SI show up in Barons or the WSJ or Fortune Magazine. From: SI Discussion Boards: Media Perception is Changing, By David Zgodzinski techstocks.com <<There is still a strong bias in the press to label investment discussion forums as dens of investment iniquity, but many journalists are wizening up to the fact that the threads are becoming an outstanding source of information. >> <<When the Bre-X mining scandal preoccupied the financial press in Canada, the thread at SI became the hottest place to find the latest information about the company and the dramatic scandal. All the major papers were scanning the posts and included rumors from the thread along with all their other coverage. >> <<I was employed by one major paper to scan all the posts and relay any hot rumors that might arise. Today, publications such as the Wall Street Journal, USA Today and others are scanning the threads, using quotes, and even contacting the members who made them to get additional quotes. >> <<Instead of the press heading for their group of usual suspects they can now get quotes from real live ordinary investors who happen to be intelligent and articulate and like spending their time on the threads. >> Dave Zgodzinski Just to refresh certain peoples memory, I'm not the only one here annoyed by the behavior of a few individuals. They are cricized by others but don't seem to notice it or care. Note the exasperated tone of this post: <<The trials are blinded. What do participants in this thread want, magic? The preclinical and phase I data convinced AGPH, the FDA and at least one private investor (me) that 3340 was worth testing in expanded trials. >> <<I get really p*ssed at some participants in this thread..... AGPH is struggling, with intense sincerity, to control certain cancers. We will see the data when the data is available. The concept.... finding something other than poisons that selectively work in cancer cells..... is sound. >> <<Why the hell are some in this thread talking about the termination of 3340 trials before the data has been collected? Greed is making a few contributors to this thread look really, really silly.>> I thought some of the participants here would like to see what I was accused of writing..on the day the stock market dropped ~500 points and Agouron made a new low, along with thousands of other stocks. It is a post on the Yahoo Agouron message board (1049) by someone who calls themselves "Death To Shorts" addressed to Steve Fancy. To: Steve Fancy From: DeathToShorts 1049 of 1084 Aug 31 1998 2:34PM EDT "Why don't you do everybody a favor and sell it all you whining a***ole." And the response: To: Thinking about it Margie... From: s99f 1050 of 1084 (39/M/Traverse City, MI) Aug 31 1998 2:53PM EDT "You AGPH IR folks are something else. You always were kinda nasty. Tough luck though...have enough time into this stock I'll stay involved. Thinking about shorting cause the stock hasn't traded at these levels since 10/11/96 and shortly before that it was in the teens." Message 5633317 Message 5634501 Here's a clue to Death to Shorts, or is it just another coincidence.. Message 1843236 <Hope we can drop this issue and get on with stocks> Don't worry, I won't ever respond to Steve again.