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

To: billy d who wrote (839)	5/5/1998 11:46:00 PM
From: M. Ramle	Respond to of 10280

Billy: I agree with your take that this market is a sector-driven, and it is very important for a stock to outperform relative to it's sector. Nevertheless, I personally believe that this market as a whole is getting very toppy and when it corrects (which I think is very close), it will take everything down with it (although sometimes irrationally). SEPR has too many things playing for it so far and as they say: "There is no room for any errors and/or disappointments at this stage of the game". My longer-term outlook on this company is very positive, but I am more concerned about the short term (30-day period). Just compare yesterday's move of ENMD with so few products in their pipeline to SEPR with supposedly a much wider array of products with even closer launching date. At one point yesterday, the market capitalization of ENMD was actually larger than SEPR. I guess what I am trying to get to, is that either the market is discounting the magic potential of SEPR or there may be questions and/or concerns over SEPR which we are not aware of. As for as my technical reading, just look at the trading similarities between a week ago and today. Last week we hit an intraday high of $47 7/8 on very light volume and could not hold. This took us back down to the $43 which seems to be a good near-term support. Today, we almost did the same thing and closed towards the lower end of the trading range. If we can not take the $47 7/8 by the end of this week at least on an intraday basis, I think that we could re-test the $43 area once more. Anyway it is always good to read your comments, and GOOD LUCK TO ALL.