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Biotech / Medical : Sepracor-Looks very promising
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To: David Howe who wrote (1105)9/1/1998 5:34:00 PM
From: Bob Swift  Read Replies (1) of 10280
 
When SEPR ws at 58 to 60, there was a lot of anxious money waiting to get in, thereby holding up the stock even when the market went down gradually. Now the chance is here and I bet a lot of those who wanted to buy before chickened out today.If the market goes sideways, buyers will come back.
I bought more today and plan to average in more in the days ahead.I bought more in the 50s and don't mind buying more in the 40s and even in the 30s (although doubtful but never underestimate how emotional people can get even if only momentarily). Last October when the SGP deal was signed, SEPR was at 42. Now almost a year and several signed deals and FDA approval later, we are at 45 ! A 7% gain in one year, too overvalued ?
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