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Biotech / Medical : Sepracor-Looks very promising

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To: M. Ramle who wrote (2111)3/24/1999 9:12:00 PM
From: John Metcalf  Read Replies (1) of 10280
 
Mazen, I suggest looking at a couple more factors -- general market conditions and heavy institutional ownership. The majority of fund managers are underperforming the averages, simply because they have dared to pick stocks in a very narrow market in which declines are leading advances.

If these managers have held SEPR through its big run from $40 to $140 in eight months or so, they see it as a source of balancing losses and raising cash with which to buy later after the correction has run its course. That's the safe course of action with a correction developing, and it's also a self-fulfilling prophecy when 90% of the stock is held by insiders and institutions.
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