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


To: Ed Ajootian who wrote (1240)10/5/1998 8:14:00 PM
From: M. Ramle  Respond to of 10280
 
Ed:

I think today's trading of SEPR was very impressive. Another successful test of the 50-DMA (~$58-59) with a good bounce off the lows. NOte that we have already retraced about 50% of the recent advance from the low $50's to an all-time high of $72 3/4 which is very normal, especially with a jittery market like this. If SEPR can hold the low $60's for another week or so, I believe that a case for good rally to the low $80's can be made on a technical basis, provided, that we get good news release about Levalbuterol very shortly.

Biogen also reported today an impressive earnings after the bell, which should be supportive to the Biotechs tomorrow !!! GOOD LUCK.

Mazen



To: Ed Ajootian who wrote (1240)10/5/1998 8:17:00 PM
From: BMcV  Read Replies (2) | Respond to of 10280
 
The Nightly Business Report called today the fifth biggest point loss on the NASDAQ. I was real impressed with SEPR too. After the initial sell-off it trended up slightly all day. We've had our 15% correction or half the recent run-up, and it looks like we've found support.