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

To: Bob Swift who wrote (2394)	4/16/1999 4:40:00 PM
From: j_fir2	Respond to of 10280

Bob, I don't know that I'd connect the events, the FDA letter and the insiders' sales. The insiders might reasonably have wanted to take advantage of the Xopenex approval. I'm not so sure the FDA letter is such a catastrophe. The FDA seem to be playing an enforcing role here, as right they should, really, and reminding SEPR to toe the line. Maybe, though, the chaos on the Yahoo board--I can see how some ill-willed shorts might have worked the thread over pretty well with that information in hand. Though when was it posted? Faxed the 26th, posted the 14th. Food for thought. Be well, j'fir

To: Bob Swift who wrote (2394)	4/16/1999 5:54:00 PM
From: M. Ramle	Read Replies (2) \| Respond to of 10280

Bob: I fully share your frustration about IR hiding this hat behind the door about their Directors selling, but if you really take a closer look at the quantities they sold, I don't they amount to anything substantial. Mind you, it is very true that psychology plays a big role on WallStreet, and Mutual Fund Managers don't like to see large volumes placed on the auction block by insiders. Take a look at all the major Pharma and Biotechs stocks and you will notice that most of them were given a very rude awakening this last week (obviously not to the same extent SEPR's hit was). I am very glad that this frickett week of Tax Selling and Option Expiration is finally over. I must say, I chickened out yesterday on executing my selling the April Naked Puts. My head is still spinning around and I am going to use this week-end to try to relax and get my amo back on track, otherwise, I am going to be left stranded on the street with any "Underwear" !!!!!! Good Luck. Mazen