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


To: M. Ramle who wrote (842)5/6/1998 1:09:00 AM
From: John Metcalf  Read Replies (1) | Respond to of 10280
 
Granted, ENMD bounced way too high for a company with only pre-clinical murine results. However, at maximum apogee, Entremed only reached a little over $1 billion in market cap. SEPR has been at the $1.4B mark for some time on primary share value; add a couple hundred million more fully diluted.

The long-term rise in the stock and relative stability of the price suggests that institutions (and individuals) are buying and holding it. Sepracor is a very unusual candidate for trading -:)

In regard to selling covered calls, I can't see how sixty cents premium is a valid reward for the risk that news, a Lilly deal for example, or Levalbuterol approval, or another patent, could come at any time.