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

To: jeffbas who wrote (2946)	5/24/1999 7:52:00 PM
From: BMcV	Respond to of 10280

Hi, jeffrey, didn't know you followed SEPR too. I had positions in both NH and ACTM before they were devoured by the SEPR moloch. The bottom is 72.

To: jeffbas who wrote (2946)	5/24/1999 8:13:00 PM
From: BMcV	Respond to of 10280

Just kidding, obviously. Last year we had repeated setbacks at the $47 level, which was coincidentally the conversion price of the first (?) batch of converts, and there was some discussion of a causal relation. For whatever reason, that was such strong resistance that it should provide support now. So I can't see 42. There has also been a lot of news (the biggest news was the deal licensing SEPR's version Prozac to Lilly) and a lot of new coverage in the past twelve months, so this isn't the same stock it was then. Not to mention that people have got in the habit of thinking of this as a $100 stock. Fidelity built a big position, with a lot of purchases in the $70s, but I'm not sure what their average price is. So the $60s must look pretty good to them. But wherever the bottom proves to be, have you taken a look at the company, their strategy, technology, partnerships? If you have look into the company, I think you will find any price that anyone has ever paid will turn out to have been an excellent investment, within the next three years. For me, at least, this is not a trading vehicle, but an long-term commitment to a company with outstanding growth possibilites. Finding the exact bottom is more an artistic success than anything else. Still, I can't avoid the feeling there's some short in NY saying, we go long when that guy capitulates! Then it's a long way down!