Sepracor-Looks very promising Message Board

4/11/2005 7:10:22 PM

of 10280

"Steve Smith of TheStreet.con"

1) I assume the .con is not a typo. First time I have seen that reference, but I do agree. LOL

"recommends closing out option positions 5-10 days prior to expirating, claiming the illiquidity and gamma boost during the last few weeks can be tougher for non-pros to trade."

2) I thought that it would be better to close the position on Friday - in part due to the problems he mentions, and in part due to fears of Ambien CR approval.

3) My regret that I closed the position on Friday has now disappeared. As I said, SEPR will be volatile, if nothing else.