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Biotech / Medical : Sepracor-Looks very promising
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To: chirodoc who wrote (2911)5/22/1999 4:39:00 PM
From: sam  Read Replies (1) of 10280
 
We are now entering the time to buy SEPR, not to sell. Granted, the bottom may not have been found yet. Or maybe it has. I don't know. Nor do I really care. Shorts are trying to squeeze every point out of the stock, as institutions are beginning to accumulate larger and larger takes. It's the typical Wall Street dance. Indeed, Fidelity Select Healthcare, for one, has recently purchased 70,000 shares. Others will enter as well. This is precisely when they buy. Perfect timing, for they love it when the shorts attack. Indeed, they encourage it. And what will they be buying? The shares sold by those frightened out of the stock by news that may not have been terribly important. SEPR happened to "hiccup" just as the industry was correcting. Not good timing for us. Just have to be patient. And as for talk of the chart's "long term damage" and "the stock won't move for months" -- well, that may be true. But not if the sector gets hot again. And on Wall Street anything can happen. And when it does it's quicker than quick.
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