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

To: Bob Swift who wrote (2048)	3/19/1999 4:38:00 PM
From: billy d	Read Replies (2) \| Respond to of 10280

Mazen, When you say the MM pins the stock at 130, doesn't that just make the 125 calls more valuable killing his gain on the 130's? Thanks

To: Bob Swift who wrote (2048)	3/20/1999 5:08:00 PM
From: M. Ramle	Respond to of 10280

Bob: You think I would tell you if I knew what the closing price for Monday will be !!!! Common, get a life: .) Put jokes aside, I would very much like to see the $127-127 5/8 successfully tested once again on Monday (not to say that it will happen), before a very sustained rally can be initiated. I am still calling for a price target of $150-152 by the very early part of April '99, and I am trying to initiate new additional position by selling some of the April $130 Puts. As far as predicting some price movements on Option Expirations, it was pretty obvious from reading and analyzing the Open Interest of the March '99 Calls & Puts, that the MM was going to close it right around the $130 price mark, where he stood the best chance to make the most profit. I was also daring, stupid and gutsy enough to sell the hell out of the March $125 Puts right at the opening yesterday, and I have to admit that it paid off very handsomely. Good Luck. Mazen