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

To: M. Ramle who wrote (1330)	10/28/1998 6:51:00 PM
From: BMcV	Read Replies (1) \| Respond to of 10280

Mazen, On Yahoo someone just mentioned something I've often noticed with SEPR, namely the late-day spike. Today it happened again. Down a couple points all day, come back in the last hour, close unchanged. This happens all the time with SEPR. What do you think it means? Is someone supporting the price with a timely late buy? Is it true, as the Yahoo poster suggested, that SEPR is a stock you want to own at the end of the day, given the potential for positive announcements? As a technician, how do you read this phenomenon? Generally, what do your instincts tell you? thanks, Bruce

To: M. Ramle who wrote (1330)	10/28/1998 9:32:00 PM
From: Ed Ajootian	Read Replies (2) \| Respond to of 10280

Mazen, Boy, I was proud of myself for figuring out call spreads --- my head is still spinning trying to figure out your put spread! Not sure how buying the Nov. 55 puts helps you accomplish your goal of wanting to be put the stock @ 60 or below. Why not just sell the 60 puts and stop there? I've never sold a put (as an originating transaction) because the margin requirements seem prohibitively high for that. Does buying the 55 puts reduce the amount you need for margin to do the trade?