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Biotech / Medical : Sepracor-Looks very promising
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To: M. Ramle who wrote (3446)7/20/1999 12:52:00 AM
From: M. Ramle  Read Replies (1) of 10280
 
To All:

Contrary to what jim_pd on the Yahoo Club is predicting (a test of the 77-82 area), I wouldn't read much into today's decline as it happened on very disgustingly low volume. I was watching the tape all day today, and I would describe the volume as dull at best. However, when the stock was pushed down by few 100-share sales and broke the 200-DMA, that triggered a few sell-stops which in my opinion was purposely done once again by the MM's.

I would call for an intraday test of the 13-EMA which sits at around the 85 1/2 - 86 1/2 area which I expect to hold, to be followed by another test of the overhead resistance at $94-95.

Good Luck.

Mazen
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