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TICKERS: SRPT

Add Back Positions in This Biotech
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Chris Temple Chris Temple of The National Investor shares one stock he believes is currently a Buy, as a gross overreaction caused sell-offs.

Some of you fondly remember Sarepta Therapeutics Inc. (SRPT:NASDAQ), a company I first recommended a quarter of a century ago.

Over the years, several well-timed entries/exits, together with this disruptive biotech's breakthroughs along the way, have cemented SRPT as my all-time most profitable recommendation.

We've been out of this name for a while. But this morning, that changed again.

Shares of the company are plunging ahead of the market open on NEWS that the latest advanced trial for its gene therapy drug to treat M.D. — Elevidys — did not meet the best expectations the company and its partner Roche (which is sharing the costs) had, but had "mixed results."

Scouring the several stories on this in the early morning hours — and knowing what I do about the company — I am convinced that 1. This latest obstacle, not uncommon among biotechs, will be overcome, and 2. The selloff this morning is a GROSS overreaction.

So Sarepta is added back to my list of growth-oriented stocks as a "BUY" up to the mid-upper 60's area; an Accumulate up to $75/share.

The selling overnight/this morning has very clearly targeted a key chart point/support of recent years in that 60-ish / share area.

I suspect once this is behind us, the share price will most likely have stabilized around this area, especially as early knee-jerk sellers realize that this is an overreaction.

I'll have more thoughts in the coming days.


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Important Disclosures:

  1. Chris Temple: I determined which companies would be included in this article based on my research and understanding of the sector.
  2. Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
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  4.  This article does not constitute medical advice. Officers, employees and contributors to Streetwise Reports are not licensed medical professionals. Readers should always contact their healthcare professionals for medical advice.

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Chris Temple Disclosures: 

The National Investor is published and is e-mailed to subscribers from [email protected]. The Editor/Publisher, Christopher L. Temple may be personally addressed at this address, or at our physical address, which is: National Investor Publishing, P.O. Box 1257, Saint Augustine, FL 32085. The Internet web site can be accessed at https://nationalinvestor.com/. Subscription Rates: $275 for 1 year, $475 for two years for "full service" membership (twice-monthly newsletter, Special Reports and between-issues e-mail alerts and commentaries.) Trial Rate: $75 for a one-time, 3-month full-service trial. Current sample may be obtained upon request (for first-time inquirers ONLY.) The information contained herein is conscientiously compiled and is correct and accurate to the best of the Editor’s knowledge. Commentary, opinion, suggestions and recommendations are of a general nature that are collectively deemed to be of potential interest and value to readers/investors. Opinions that are expressed herein are subject to change without notice, though our best efforts will be made to convey such changed opinions to then-current paid subscribers. We take due care to properly represent and to transcribe accurately any quotes, attributions or comments of others. No opinions or recommendations can be guaranteed. The Editor may have positions in some securities discussed. Subscribers are encouraged to investigate any situation or recommendation further before investing. The Editor receives no undisclosed kickbacks, fees, commissions, gratuities, honoraria or other emoluments from any companies, brokers or vendors discussed herein in exchange for his recommendation of them.

All rights reserved. Copying or redistributing this proprietary information by any means without prior written permission is prohibited. No Offers being made to sell securities: within the above context, we, in part, make suggestions to readers/investors regarding markets, sectors, stocks and other financial investments. These are to be deemed informational in purpose. None of the content of this newsletter is to be considered as an offer to sell or a solicitation of an offer to buy any security. Readers/investors should be aware that the securities, investments and/or strategies mentioned herein, if any, contain varying degrees of risk for loss of principal. Investors are advised to seek the counsel of a competent financial adviser or other professional for utilizing these or any other investment strategies or purchasing or selling any securities mentioned.

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