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

To: Biomaven who wrote (3693)	9/14/1999 6:17:00 PM
From: M. Ramle	Read Replies (1) \| Respond to of 10280

Peter: Thanks for your valuable insights on SEPR. To Jim p_d: The reversal today was somewhat very encouraging, especially when it was coupled with higher volume on the up-turn. The volume during the sell-off this morning was almost nil (down 1 1/2 with ~88K shares), and then the turn around. My suspicion is that most of today's volume is fresh new buying, since we seem to be entering SEPR's strong sales season for their products, as well as the potential news expected to come out between now and year-end. I would also strongly suggest that you compare the chart actions between July-September '98 and July-September '99 -- If history is to repeat itself, we should see a triple-bottom formation around the $73 1/2 for what I would call a major swing to the upside (exactly like the spike we saw last year from the mid $40's to $141). Finally and based on very very very very preliminary and very hypothetical analysis of the Options Open Interest and their prices at the close today, I would make a case for SEPR to close around $80 1/2 +/- 5/8 by this triple-witching Friday. All in all, so far so good, and we need a good follow-through tomorrow. Good Luck. Mazen

To: Biomaven who wrote (3693)	9/22/1999 10:18:00 PM
From: Ed Ajootian	Read Replies (1) \| Respond to of 10280

Peter, Did you see that Barberich the CEO exercised 50,000 options on 8/13? If I'm reading the Yahoo chart right he did not dispose of the underlying shares but is holding them. If so this would indicate that Timmy B. is very bullish on his company's prospects over the next year! As far as I can figure the only time you would exercise and _hold stock options is if they were ISO's and you were trying to start the 1-yr. holding period so you can get LTCG treatment when you sell the stock. On this transaction, it looks like Timmy B. is gonna owe about $850 K in Alternative Minimum Taxes so you know he's gotta be pretty stoked about the company at this point; otherwise he woulda just kept the options & accepted ordinary income treatment when he eventually cashes out.