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Biotech / Medical : Sepracor-Looks very promising

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To: ok who wrote (1110)9/1/1998 9:14:00 PM
From: billy d  Read Replies (1) of 10280
 
IMO I think alot of us are missing the picture in the price decline.

I have been and still are a big believer in SEPR and regardless of wether or not there are fundamental changes with this company when the market decides to lower the PE's (although SEPR doesn't have one yet) on the market it will generally take everything with it ala SEPR.

One could say that with rates still very low that the PE's shouldn't change but until the market stabilizes and figures out just where it should be I think a big move up in the near future will be a tough sell.

I also think that with this massive volume, be it a fluke or not, we will have to build a base before we move much higher. To me it is a negative indicator to move down so sharply with such huge volume.

As I said in my last few posts, it is hard to buck such a tough market trend and even with todays move up, I'm not convinced. I have been shorting alot of stocks and will continue to do so, especially if we get towards 8000 again.
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