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

To: David Howe who wrote (1105)	9/1/1998 5:34:00 PM
From: Bob Swift	Read Replies (1) \| Respond to of 10280

When SEPR ws at 58 to 60, there was a lot of anxious money waiting to get in, thereby holding up the stock even when the market went down gradually. Now the chance is here and I bet a lot of those who wanted to buy before chickened out today.If the market goes sideways, buyers will come back. I bought more today and plan to average in more in the days ahead.I bought more in the 50s and don't mind buying more in the 40s and even in the 30s (although doubtful but never underestimate how emotional people can get even if only momentarily). Last October when the SGP deal was signed, SEPR was at 42. Now almost a year and several signed deals and FDA approval later, we are at 45 ! A 7% gain in one year, too overvalued ?

To: David Howe who wrote (1105)	9/1/1998 6:42:00 PM
From: M. Ramle	Read Replies (2) \| Respond to of 10280

Dave: I have never been so frustrated and more furious in my 24 years of trading experience than today. It was so obvious that the MM was without any doubt in my mind, manipulating the stock all day long, especially when 2x100,000 share blocks went on the buy side right at the close with the price dropping substantially. All day long, most of the large-size blocks (10,000 and over) went on the BUY side and the MM was so reluctant to raise his Bid/Ask price. Meanwhile, the MM just tanked his Bid/Ask price for the smallest sell order. Having said that, take a look at I believe the last Friday of August '97, when we had a sharp manipulated drop of about 3 pts. from the $23 level to around $19 on a very heavy volume (approx. 1.6 million shares). From that point, SEPR staged a strong rally towards the $38 level. Later on, this sharp rise was attributed to George Soros accumulating the stock. Now if history was to repeat itself, we are IMHO setting the stage for another major upleg which should take us to upper $60's during this month. Also, note that there has been absolutely no negative fundamental change in any of SEPR's dealings or their products. If any, things are looking a lot rosier as we come closer to the final FDA approval on Levalbuterol and possibly an announcement on a joint-marketing deal with Eli Lilly for Prozac. If you had liked this stock at the mid $50's, you must absolutely worship it at $45 (at least that is way I feel). Now, what I have to do is take an ice-water swim because I am still fuming from the MM's deceiptful manipulation of today, and if this were to happen again, I will personally report it to the SEC. Good Luck to all the longs on SEPR. To the Bears: You better grow your fur very thick, because you will have your pay-day very soon. Mazen