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


To: Biomaven who wrote (4589)10/19/2000 8:09:23 PM
From: scott_jiminez  Respond to of 10280
 
I don't particularly like your insinuation (intended or otherwise)...

Not an iota of insinuation, intended or otherwise. Again, if you read my first SEPR post today carefully, you'll find my intent was precisely the opposite. I (ME ME ME) decided not to post the insider info on the thread. I've no control over your posts and never intended to influence them. In fact, Peter, I thought I was doing you a courtesy by PRIVATELY providing YOU that information...and I thought I was doing the thread a courtesy in commenting on the closely coincidental insider selling and the Lily announcement. I am also surprised (understatement) at the reaction I'm receiving since I am confident that the response on most other threads would have been, 'Those bastards!'

-----------

I found myself defending insider sales (at Kulicke and Soffa) earlier this year in a fashion strikingly similar to yours. I viewed Klic insider selling as due to logical options reasons (the word 'diversification' was part of my posts as well), or, if not, the insiders were clearly clueless about the semiconductor cycle and thus, like you, considered the insider selling as 'noise'.

Six months and a drop of 60%+ later (Klic), I've learned that no one, absolutely no one, is immune from falling in love with a stock. No one is immune from being blind to potentially important and significant signals.

I sincerely hope that the insider selling at SEPR is not a harbinger of future performance as it was for Klic.



To: Biomaven who wrote (4589)10/20/2000 12:34:49 AM
From: David Howe  Read Replies (1) | Respond to of 10280
 
<< I thus see the sales as essentially "noise" and not particularly worth commenting on - any smart executive with large option grants that are substantially in the money will sell and diversify part of his or her holding. >>

This is my opinion as well. Insider selling is almost always irrelevant. The possibility of a connection between the sales and this news is almost nil.

Dave