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


To: Michael Young who wrote (3141)6/1/1999 4:16:00 PM
From: LLCF  Respond to of 10280
 
<That's the name of the Wall St game. Can't blame them for doing what works.>

Yes, no doubt... they take a small share of hot sector spill over... a leader in no sectors in investment banking. In the clearing side they ARE the market leader in clearing small boutiques regardless of reputation and make a ton... THAT'S the wall street game.

My point about chasing the hot sector is that this strategy makes them specialists in zilch. Rarely do they have an analyst looked at as a leader or even near the top of the heap in any sector. They usually keep a high profile person (Larry Kudlow, for example) around for crediblity. Now, that said, I can't agree more that they rarely have reason to fold to pressure form anyone (except Cronies of BS).

Again... this is IMO.

DAK



To: Michael Young who wrote (3141)6/1/1999 4:34:00 PM
From: BMcV  Respond to of 10280
 
>>I think any objective observer would give the analyst credit for going against the flow by taking a strong position against SEPR when it was flying high.<<

Absolutely true, but unfortunately not the case. The analyst in question has twice downgraded SEPR when the stock already had strong downward momentum. The first time in the fall his call coincided with the October low; his second downgrade came quite a way above current level, but after the direction was set.