RXSD Rexall Sundown Message Board

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Biotech / Medical : RXSD Rexall Sundown

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To: cadson who wrote (26)	7/15/1998 11:20:00 AM
From: The ChrisMeister	Read Replies (1) of 327

"...I think we will see a five point run as the shorts are forced to cover." I think five points is a conservative estimate. That ratio of the number of shares short divided by the average daily volume is huge. When you add in those who buy off the new highs list, plus the momentum players, I think you have the makings of a run to the mid-to-high 50's. Yes, a 50% pop is not beyond believability. With the Pfizers and Schering-Ploughs selling at huge P/E's (70 and 50, respectively, I think) and only 15-20% growth rates, RXSD is gonna look cheap until it's way higher. It's either that or the shorts have a huge pile of ammo and beat us back here at the 38th parallel. Hard to understand why there are so many short shares out there... ChrisMeister

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