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


To: Bob Swift who wrote (2084)3/23/1999 6:54:00 PM
From: M. Ramle  Respond to of 10280
 
Bob:

I had noticed some medium-size blocks crossing around noon time on the buy-side, but not large enough to reverse the downward selling of today.

I also believe that the selling (although on light volume) intensified a bit when the price was pushed below the $120, which in my opinion must have triggered quiet a bit of sell-stops and we dropped very quickly down to the $117 1/2. This must have shaken out the weak hands and brought on some buying the last 20 minutes.

I know I should be a lot more concerned than I actually am, but I could NOT resist the excitement of today and sold some more $130 Naked Puts. Sometimes, I have to restrain myself and slow my trading in SEPR during times like this !!!!

I truly believe that in the next few days, we should hear some positive news regarding FDA approval and possibly a Stock-Split announcement, or else, I am going into hibernation.

Good Luck

Mazen