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Biotech / Medical : Sepracor-Looks very promising

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To: Ed Ajootian who wrote (302)7/30/1997 12:12:00 AM
From: M. Ramle   of 10280
 
Ed: Your comments on the different patents are very helpful. Nevertheless, I would NOT consider the gain of $1/2 in SEPR on very light volume as a solid recovery. Also, I was very disturbed yesterday by the sharp drop ($1 13/16), especially with the good news. On a technical basis, this is forming a very strong over-head resistance at the $26.5 -- $27.625 range (with a double top formation in process). This has been my fear for the last couple of weeks (see my previous comments). Unless SEPR takes out and closes above the $27.50 on heavy volume within the next week or so, I am afraid to say that we could possibly see the stock drop back down and retest the $22 - $23 range. Mind you, I am very bullish on this stock and if my analysis is correct (for whatever it is worth), I expect SEPR to hit $33-$35 within the next 3-4 weeks. Good Luck to all.
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