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


To: Bob Swift who wrote (1100)8/30/1998 7:47:00 PM
From: Ed Ajootian  Respond to of 10280
 
Bob & all,

The sharp recovery of SEPR Friday afternoon (from $51.50 back up to over $55) is a glaring clue that SEPR is _still winning against the strong headwind of the market correction. The strong buying on big volume leads me to believe that some very positive news event is due out soon, and _could be out as early as this week.

That's the only way the heavy Friday aft. buying makes any sense. Even if you really liked the stock, why wouldn't you just nibble at it as it dipped with the rest of the market, knowing that the high likelihood is that the rest of the market has further to go on the downside? Whoever was buying on Friday afternoon sensed an urgency to own the stock.

I was all set to buy back my SEPR 60 calls I had sold, but wimped out on Friday. Maybe I'll get another chance this week.