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

To: Bob Swift who wrote (979)	7/8/1998 8:39:00 AM
From: dave g	Read Replies (1) \| Respond to of 10280

Small fry taking profits. Look at that 1 day chart. The blocks that traded at the end of the day were pretty small.

To: Bob Swift who wrote (979)	7/8/1998 10:46:00 AM
From: BMcV	Read Replies (1) \| Respond to of 10280

Hi Bob, and all, By way of introduction, let me just say I've suffered and won with Sepracor as with no other stock I've owned. Two years ago with the stock down from 20 to 10 and Jean Devine not responding to requests for information, I almost bailed, kicking myself all the while for buying SEPR instead of Interneuron, (which I was convinced was basically a hoax and which, if recent market action is a guide, it was). In the end I bought more SEPR and am happy I did. re: "too overvalued" -- Like you, SEPR's market cap of $1 Billion+ has had me worried in the past; like you too, I don't think it is overvalued. Last week, when the new warning on Propulsid came out, J&J dropped over three points, representing over $4 Billion in market capitalization. That just shows what the market thinks these franchises are worth and makes SEPR's price seem like pretty small potatoes compared to its potential. Although I'm not entirely sure of the mechanism, I tend to believe Ed A's explanation for the current price action holding around 47-48 as being related to the convertibles. Maybe he can explain it again. Like your T-shirt idea. "SEPR 1" is going on my next car. (Not that I'm planning to sell!) Bruce

To: Bob Swift who wrote (979)	7/8/1998 4:46:00 PM
From: M. Ramle	Read Replies (3) \| Respond to of 10280

Bob: I truly share your concern about SEPR making a new intraday high of $48 7/8 and then selling off to close yesterday below Monday's closing high on heavy volume. These actions always bother me. Even today, we opened on a strong note (~$48) to sell off later in the day (down 1/8). Having said that, one can not help but note that so far the pullback from this new all-time high price of $48 7/8 has been rather softer than before. In the past, everytime we made a new all-time high, we always sold off an average of 5-6 pts. Based on today's closing, we are still only 3/8 pts. away to reverse the daily chart, which is still showing an uptrend, and if we can take the $47 5/8 price out by this Friday, it will be very positive. Also, I personally keep a closer eye on the weekly chart, which is giving me very positive signals. Finally, remember that a lot of non-event trading is due to the expiration of the July Options, and I am very concerned that the MM might take it down to the $45-46 area in order to let the July 45 Calls expire at low premiums. Good Luck. Mazen

To: Bob Swift who wrote (979)	7/9/1998 8:15:00 AM
From: billy d	Respond to of 10280

Nothing personal guys but just 2 weeks ago we were commenting how SEPR looked like it was going in the crapper and the technicals looked so bad that it was possible bad news was coming ect.ect.ect. Now, a few days later we sit at 47 1/4 with a damn good chance at hitting 50 real soon. Just seems to me that maybe we (myself included) should just ride this baby out and stop worrying about the short term moves because from what I can tell, we are usually wrong. We had a great opportunity to buy at 38 just a short time ago and now, 9 points later we are concerned about resistance at 48 1/2 and when to buy more. My point, if you have the bullets, fire away. Only God knows how to pick bottoms and as of late he hasn't sent me any e-mail as to when it is coming. =)