Sepracor-Looks very promising Message Board

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Biotech / Medical : Sepracor-Looks very promising

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To: Bob Swift who wrote (979)	7/8/1998 4:46:00 PM
From: M. Ramle	Read Replies (3) of 10280

Bob: I truly share your concern about SEPR making a new intraday high of $48 7/8 and then selling off to close yesterday below Monday's closing high on heavy volume. These actions always bother me. Even today, we opened on a strong note (~$48) to sell off later in the day (down 1/8). Having said that, one can not help but note that so far the pullback from this new all-time high price of $48 7/8 has been rather softer than before. In the past, everytime we made a new all-time high, we always sold off an average of 5-6 pts. Based on today's closing, we are still only 3/8 pts. away to reverse the daily chart, which is still showing an uptrend, and if we can take the $47 5/8 price out by this Friday, it will be very positive. Also, I personally keep a closer eye on the weekly chart, which is giving me very positive signals. Finally, remember that a lot of non-event trading is due to the expiration of the July Options, and I am very concerned that the MM might take it down to the $45-46 area in order to let the July 45 Calls expire at low premiums. Good Luck. Mazen

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