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


To: BMcV who wrote (1366)11/3/1998 9:43:00 PM
From: Ed Ajootian  Read Replies (1) | Respond to of 10280
 
Bruce,

SEPR picked up a drug processing plant up in Nova Scotia about 4 years ago, I believe for the express purpose of manufacturing their drugs. They got all kinds of incentives from the Nova Scotia government in order to keep the plant alive, or at least on hold.

The fact that the stock is holding this close to its high for this long is very bullish IMO. If it closes above 68 again tomorrow this will be the first time ever it did so for 4 straight days. Quite a lofty height to consolidate at!

Should be interesting to see what happens when the FDA approval comes. Hopefully it will come well before the Holidays so the docs. will still be around working and not on vacation.

Boy, that Bear Stearns guy is looking pretty foolish right around now. I wonder if he'll put out another press release now, lowering it to a "sell"!

One last thing --- the contrarian in me is disapointed not to see the flurry of shorts go onto Yahoo like there was when SEPR first approached 70. We need them to fuel the rest of the rally.