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

To: BMcV who wrote (1407)	11/11/1998 8:05:00 AM
From: Ed Ajootian	Respond to of 10280

Bruce, Yes, it is amazing that the price of the Leaps has seemed to move in tandem (on a % basis) with the stock. I always thought Leaps that were that far out would trail the stock movement, even if they were in the money. Selling the '01 70's will get you a return of > 20% a year for the next two years virtually guaranteed. From a buying perspective, they are so high that you don't get much more leverage than if you just bought the stock on max margin. Buying SEPR for $76 for min. down means you gotta come up with $38, vs. $30 for the '01 70 Leaps. I still may get some of these if the Oxy results are good, just for kicks.