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Biotech / Medical : Sepracor-Looks very promising

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To: Bob Swift who wrote (1097)8/27/1998 8:14:00 PM
From: billy d  Read Replies (2) of 10280
 
Bob,

I agree that this type of fall was in the making. To be totally honest other then SEPR I have been shorting the market for the last 6 months and getting my head handed to me. I felt this was long overdue.

The thing that makes me laugh was when the market was going balistic and everyone was making 30% a year just buying anything all I ever heard was "Its a global economy!" But now that these countries are falling one by one all of the bulls are saying that they don't matter! We don't need them to prosper. OK,which countries do we need? Is it Europe? Well then what about their exposure to Asia and Russia? Eventually we will feel it.Face it. Either its global or its not.

As for SEPR, Its going to be tough to rally if the market continues to slide. It may outperform but that doesn't mean it will go up. This type of market will show us all who the real long termers are. Obviously, some of those who say they are were bailing today.

One thing I do know is you can own a technically strong stock but if you are in a bear market no matter how strong that stock may be, your odds of making money are greatly decreased, no matter who the company is.
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