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Biotech / Medical : Sepracor-Looks very promising

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To: M. Ramle who wrote (882)6/5/1998 9:15:00 AM
From: Biomaven  Read Replies (2) of 10280
 
Mazen,

I'm not a great believer in technical analysis, and so I'm not the one to ask about price supports. <G>

The key question here is whether this decline relates at all to the fundamentals, or whether it is just a fund dumping or a short seller attacking.

Each day that passes without news increases the likelihood that this is not some unfavorable development that we just don't know about yet. (And if there is some nasty lurking around, the SEC will be very interested in the past week's trading).

If this decline is in fact unrelated to fundamentals, then it is a great buying opportunity.

Personally, I'll be buying some options today if there is any further price decline at all.

Peter
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