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

To: M. Ramle who wrote (1323)	10/27/1998 8:08:00 PM
From: Ed Ajootian	Read Replies (1) \| Respond to of 10280

Mazen, I put my $$$ where my cybermouth is and bought another bull spread on SEPR calls today. Bought the April 50's and simultaneously sold the April 75's for a net debit of $12.50 per contract. As long as SEPR closes at 63 or higher by the third Friday of April '99 I'm ahead of the game. If it cracks 75 I double my money. Given what we now know re: likely events I take that bet any day of the week. I did this with the April's vs. the Jan.'s since I wanted to leave plenty of "wiggle room" in case the deal currently being negotiated gets stalled (a distinct possibility with further market turmoil around the corner, holidays, etc.).