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

To: Bob Swift who wrote (2110)	3/24/1999 8:20:00 PM
From: M. Ramle	Read Replies (4) \| Respond to of 10280

Bob: FWIW: I have been pacing my office floor all afternoon long trying to interpret the decline of yesterday's and today's. Here are my conclusions: 1. If this drop had anything to do with FDA bad news, I can guarantee you that the volume would have topped the 2.0 million with all institutional investors pulling out now and asking later. Instead, this decline has thus far been rather orderly which tells me it is merely profit taking and anxious investors bailing out before the FDA news expected to come out possibly tomorrow !!!! 2. SEPR price has had a major run since last Sept-Oct. '98, and due for some pull back. I would be very surprised to see it go below the $109 mark. Once we broke the $117 today, there were several sell stops triggered on light volume. Surprisingly, I kept seeing some large-size blocks on the buy-side this afternoon. 3. I have also noticed that after David Southwell's recent comments regarding the '03 earnings being too conservative, Company's announcements have pretty much calmed down (for legal concerns in my opinion). Things should get back on track once the FDA approval comes out in favor of the product and it's usage/market. 4. This drop adds up to about 20% correction, which is NOT out of the range for SEPR. I have seen corrections in the past that took us down about 27%, and then a major move to the upside was initiated. 5. I am standing outside my office selling lemonades and trying to raise some more cash, so that I can buy my last batch tomorrow (right or wrong !!!!). My conclusion on this whole thing is: Look for a major breakout to the upside very soon. I know I have said it too many times lately, but at least I am putting my money where my underwear is !!!! Good Luck. Mazen