Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: M. Ramle who wrote (2260)	4/8/1999 3:36:00 PM
From: j_fir2	Respond to of 10280

LOL! LOL so loud my co-workers have to hear about it too. Be well, all.

To: M. Ramle who wrote (2260)	4/8/1999 10:49:00 PM
From: M. Ramle	Read Replies (2) \| Respond to of 10280

To Jim_pd & Teabury: I have read your recent posts on the Yahoo Board and with all due respect, I have to disagree with your conclusion that sounds like SEPR is falling off the cliff (at least near term). IMO, the uptrend is still intact and true that we have come down from the recent high of $140+ all the way down to today's closing of $113 3/4, I believe that it is more related to this month's Options Expiration and nothing more. If you watch the tape tick-by-tick like I do, you would have noticed that the price has been coming down on very small-size sell orders (<500 in most cases). The reason I say the drop is related to Option Expiration is because everyone knew that the FDA approval on Levalbuterol was due sometime in late March 99, and were buying the April $125 and $130 Spreads (the highest open interest) thinking the price will rise to the $140's after good news or drop sharply in case of bad news. We all know what happened !!! Furthermore, I fail to see your reference for a head-and-shoulder formation and we seem to be holding the $109-110 support relatively well. The longer we stay above that price, the stronger the support becomes. As previously referred to by another poster, I agree that SEPR has been known to form a "V" turn-around very quickly and sharply, and it wouldn't surprise me to see that taking place very shortly. I would also argue that even a test of the $109-110 will not change the uptrend, even on near-term basis. Out of curiosity, I see a very similar chart pattern between now and last September-October '98. 1. Back then, the volume on the downtrend was very low (except for a couple of days), and we've seen that in the recent drop. 2. Broke the 50-day MA, rallied to close above the 13-day MA (when the chart pattern was declining, and then came back down for a retest at a bit higher level. Recently, we dropped all the way down below the 13-day and 50-day MA's to around $108-109 (intraday), rallied back above both averages to around the $124 and now we are back to around the $113-114 area with today's low of $112. If history is any indication and based on my TA analysis, I can make a very strong argument for a strong rally from today's intraday low and make a new high by early May (one month behind my original prediction). On a final note and although you might NOT agree with my point-of-view, I have come to realize that by knowing the size of the trades and their direction, one tends to make a much rational decision to join the crowd into buying OR selling. Anyway, we seem to have a constructive debate going on and let's sit back and see if we can influence the market and take the price back up OR the market knows better and takes us down !!!! Good Luck. Mazen