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Biotech / Medical : Sepracor-Looks very promising
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To: Ed Ajootian who wrote (1130)9/4/1998 11:36:00 AM
From: M. Ramle  Read Replies (2) of 10280
 
Ed:

That is a relatively good play. Nevertheless and if you really believe in this company, what I would do (IMH) is once the price pops above $60, I would buy back your April 60 Calls at a loss and re-sell the April 70 Calls, thus widening your spread. My opinion is that once SEPR breaks out above $60 3/4, it should continue it's ascend into the upper $60's. Good Luck.

Mazen
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