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Biotech / Medical : Sepracor-Looks very promising

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To: M. Ramle who wrote (1275)10/12/1998 11:55:00 PM
From: M. Ramle  Read Replies (1) of 10280
 
To Teabury22 on Yahoo:

I have only been following Immune Response "IMNR" on a technical basis and not as much on fundamentals. Nevertheless, this is a stock that is strongly followed by a friend of mine who is very specialized in Biotechs. As a matter of fact, he was the one to tell me about SEPR back in early 1997. He seems to be very positive on this stock and has already accumulated a large position in it (I believe in excess of 60,000 shares -- YERS, this is correct: 60,000 shares), and has been bugging the hell out of me to buy some. His time-frame for this stock is 2-3 years. GOOD LUCK.

As far as SEPR is concerned, There was a small gap on the chart from this morning's opening around $57 3/4 - $58 and I expect this gap to be filled by the down opening tomorrow morning based the today's closing. I have also started selling "naked" put options for October $55 & $60. I personally expect to see SEPR take out the $60 3/4 on a closing basis by this coming Friday. The chart looks promising to challenge the next overhead resistance around $63-65 very shortly.

Good Luck to all.

Mazen
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