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

To: BMcV who wrote (2952)	5/24/1999 9:07:00 PM
From: Art Vandelay AIA	Read Replies (3) \| Respond to of 10280

It's not IR's or management's job to issue a press release or take a short term step to restore market confidence. It's their job to do the best job running the company that they can, and that means focusing on the core business of what they do best - drug development. I admit that I have feelings of helplessness and disbelief, and I do wish that a paternal/maternal figure could just come in and make it all feel better by doing SOMETHING to make the stock price go back up. And you can bet that this has been painful for everyone at SEPR, too. Options decrease in value far quicker than does our common. But to throw out some weak response to this absurd devaluation would pay too much credibility on this nonsensical event. More importantly, it would fall outside the confines of management's fiduciary duty if they take a short term action to boost stock price that is not in the long term best interest of stockholders. They simply can't do it - for example, doing an emergency deal with Glaxo or a quickie Zyrtec deal would be imprudent. Think about how nice it would be to get a few more %age points out of DCL - points we should have except that SEPR didn't have the power to negotiate with SGP. Are we willing to let that happen again just because we couldn't stand the heat of this drop? In the long term, the earnings will drive this stock to levels providing all longs huge returns, regardless of your $4 entry point or your Teabury-esque $140 entry. Until then, I pay down my margin and look for more cash to buy the steal of the century! Everyone who sells into this decline is just giving their capital gains away to the shorts and the big boys who will mop up when they don't get as emotional as the individual investor. To my longsighted friends: congratulations in advance!