Sepracor-Looks very promising Message Board

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Biotech / Medical : Sepracor-Looks very promising

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To: John R. Sashko who wrote (887)	6/11/1998 12:39:00 AM
From: M. Ramle	Read Replies (1) of 10280

John: Thanks for your response. According to most Technical Analysts and in most if not all cases, when a stock hits it's 200-day MA and bounces off, the probability of a re-test within 1-2 weeks is almost a sure thing. If the re-test is successful, then you have a double bottom established at the 200-day MA which is extremely positive and followed by a major move to the upside towards the previous high (look at SEPR's chart back in August '97). The next over-head resistance will be at the 50-Day MA (~$43), which should attract Institutional Buyers as you had mentioned ONLY if taken out with heavy volume !!!! I have been a strong believer in SEPR and I continue to add to my position at these very attractive prices. I hope your year-end price target is correct, although mine calls for the mid 70's. GOOD LUCK. Mazen

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