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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Roger A. Babb who wrote (17336)2/8/1999 9:52:00 PM
From: Rajiv  Read Replies (2) of 18691
 
Shop At Home (SATH)

SATH is a is a nationally televised home shopping retailer. The industry is dominated by two competitors: the Home Shopping Network and the QVC Network, whose combined sales represented approximately 94% of the industry's 1997 revenues.

The company's website (http://www.shopathomeonline.com) has been operational from July 1, 1997 (SATH has not revealed the % of revenues coming via the internet - probably not significant enough)

On Jan 28th, SATH issued a PR (SATH was 11 7/8)
Shop At Home Network to Unveil Internet Expansion Plans and Partnerships in National Broadcast on February 10

Possible "news" based on rumors -
- Major deals with AOL, YHOO, AMZN, MSFT, , etc.
- Buy-out at 150% premium
- Nasdaq NM listing.
- launch of an online auction site
- Discovery of a major gold deposit under the company parking lot.

SATH closed today at 30 1/16. Tomorrow, it will probably add a few more points.

If everyone has already bought (or will be buying tomorrow) expecting all the above "news" to be announced, who will be buying Wednesday morning after 9:35 AM EST ?

# of outstanding shares - 23.3 million
Float - around 14 million

Regards.
Rajiv
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