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


To: M. Ramle who wrote (886)6/10/1998 11:05:00 PM
From: John R. Sashko  Read Replies (1) | Respond to of 10280
 
Mazen,

Take a look at ALK's chart. Very similar to SEPR. Both bounced off the 200 day MA after being beaten down for no reason. I bot ALK calls before it broke the 50 day MA. Risky but I would have missed much of the upside move.

For SEPR to hit 43 would mean crossing the 50 day MA. This would be another buy signal which will lead to more institutional buying. The MACD histogram bottomed several days ago and continues to tick up.

A low risk, high reward opportunity like this needs to be pounced on. Remember, the drugs under redevelopment had 12 BILLION in sales in 1997. Need to be in this before Levalbuterol is released. I believe SEPR will be in the 80-100 range by years end.

Happy Trading,

John