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


To: M. Ramle who wrote (1134)9/8/1998 10:26:00 PM
From: M. Ramle  Read Replies (1) | Respond to of 10280
 
To All:

An absolute beautiful day on WallStreet. Nevertheless, one must keep an eye on the price gap for SEPR between $51 - 52 1/2 created today at the opening. IMHO, this gap needs to be technically filled before any sustained rally can commence. Any thoughts ???

To Peter Suzmann: Haven't heard from you for a while. Your comments were always very helpful on this Board.

Good Luck to all.

Mazen



To: M. Ramle who wrote (1134)9/8/1998 10:30:00 PM
From: Ed Ajootian  Read Replies (2) | Respond to of 10280
 
Dave & Mazen,

Thanks for your comments.

I really feel that the chances of SEPR getting to 75 by April are pretty slim. That would be a market cap. of almost $3 bill. and in the present biotech bear market no company is worth that much until it has turned to corner to positive earnings, IMO.

Believe me, I'm as big a SEPR fan as the next guy, but I feel that the huge mega-moves are past with this security. It ought to continue to appreciate from here, but more like one of those big pharma stocks, say 20 -- 30% a year.

Interesting thought about playing with the April 70's once the stock gets to 60. Will give that some thought.

SEPR gapped up today, blasting right by its 50-day moving average. How many other stocks out there are over their 50-day moving average right now? This has gotta bode well for the TA types.