To: M. Ramle who wrote (2351 ) 4/15/1999 8:48:00 PM From: AgFinder Respond to of 10280
I shook out too large a proportion of my SEPR holding on the Allegra patent interference, and have regretted that ever since. I was so pessimistic that I didn't even load up when the price was 20, the last time SEPR traded below the 200 Day Moving Average for more than 24 hours. Lucky I still held a core. 200DMA dips have always been shortlived. I suspect you're right Mazen, regardless of the nasty looking chart. SEPR is always worth buying at the 200 DMA. By the way SEPR has been trading lately, you'd think there was only a couple of drugs in thier pipeline with a massload of legal issues. While we know much about the "advertised" pipeline, there is still the pipeline beyond that has several interesting therapeutic themes including Hypertension, Breast and prostate cancers and anti-infectives (of particular interest is Lomefloxacin for TB). Your muzings about option expiry make much sense, and I wonder whether some of yahoo thugs are in cahoots with the MMs (or the NY shorts). The tape is plain wierd. Often, I've seen large buys a point or two above the Ask, while there have been teeny sells below Best Bid, establishing ever lower price levels by triggering stops. Then when large blocks trade, as some have today, they trade at best Bid instead of a point or two below. Could these be deliberate short attempts at critical low levels ? In any event, as many have found, manipulating markets can be treacherous (Hunts with Silver, Sumitomo with Copper, OPEC with oil). An SEC examination of SEPR MM activities would be nice. I was very pleased to see the SEC take action against a PairGain employee foisting fabricated news on the market. The interesting thing is that he used yahoo to post, yet was still identified to the authorities. So the ids on yahoo aren't so anonymous after all. Good Luck to you, Ag.