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Biotech / Medical : Sepracor-Looks very promising -- Ignore unavailable to you. Want to Upgrade?


To: M. Ramle who wrote (3416)7/8/1999 8:15:00 PM
From: Bob Swift  Read Replies (1) | Respond to of 10280
 
Mazen,
It is dame difficult to predict a trend base on low volume trades and sometimes it is rather annoying to see posts predicting 65 or 105 on a day to day basis. That kind of prediction simply does not work when the stock is thinnly traded (see what happened today). It is so easy to be emotionally caught up on the 5 points up and 5 points down swings and I am actually glad that David Howe reminds us from time to time not to lose sight of the fundamental.
On the other hand, I continue to be surprised at how predictable the effect of option expiration has on the stock price. I still could not believe what happened last time. That was outright manipulation, these guys should go to jail.May be this time I will put in a few quarters come next Friday just to catch the ride.



To: M. Ramle who wrote (3416)7/16/1999 4:25:00 PM
From: Biomaven  Read Replies (1) | Respond to of 10280
 
Mazen,

From your post on July 8 with the stock in the low 80's:

Here it comes again - the July Options Expiration. Based on very preliminary analysis of the Options Open Interest and their theoratical values, I would want to make my predictions that SEPR would trade around $92 +or- 3/8.

We'll forgive you the 9/16 error this one time <g>.

Peter



To: M. Ramle who wrote (3416)7/16/1999 5:23:00 PM
From: John S. Baker  Respond to of 10280
 
Of curiosity, how do you go that last step to determine the closing price on options day? I am aware of the protocol which maximizes the number of options which will expire worthless ... or some such ... but how do you interpolate between two neighboring strike prices?

Thanks in advance from an options newbie.

JSb