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Biotech / Medical : Sepracor-Looks very promising
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To: David Howe who wrote (2356)4/16/1999 12:35:00 AM
From: Epicenter  Read Replies (2) of 10280
 
I'm long-term LONG on SEPR. IMHO, the reason it's going down is because there is no "hurry" to load up on SEPR while there are many potential sellers who have significant capital gains. The other major turning point was the wild volatility we had about a month ago (after David Southwell's remarks). I tried to convince a portfolio manager of a large fund to buy into SEPR but he was rather "turned off" by the volatility.

With the "perceived" cloud over-hanging the improved Prozac with Lilly, awaiting Xopenex sales data and the non-imminence of significant upside on sales numbers all add up to "no hurry to buy SEPR". In fact, believe it or not one fund manager I deal with thought CMGI was a "safer" bet than SEPR (and this coming from a portfolio manager at one of the largest brokerage houses!!!!!!).

So, I'll hold on (I bought in at $75-85 range) but really don't expect much for at least a few months, if not longer. I am however in no hurry to add to my positions since I can't predict whatsoever where the bottom would be. I actually think no one can predict that with much certainty these days.

I can however imagine that people who don't truly appreciate SEPR will switch to other stocks for awhile then come back a year later.

Appreciate any feedback/comments.

Epicenter
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