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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: jl46 who wrote (2854)6/25/2001 8:08:11 PM
From: Bocor   of 6873
 
Taro got a positive Barron's mention this weekend...probably explains the mini-run today.....

Barron's: Congrats on your January picks, Oscar. Taro Pharmaceutical Industries rose 178%, and Pharmaceutical Resources gained 207%. What went right?

Schafer: Taro and another company recently obtained approval to manufacture and market the generic version of Lotrisone, a big seller patented by Schering-Plough. The branded product has been in short supply, and Taro and its competitor have been filling the pipeline rapidly. Originally I thought Taro could earn $3-$5 a share sometime in the future, but now the company has a shot at $3 just next year, and could earn more than $5 in the next three to five years. The stock could sell well in excess of $100.
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