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Biotech / Medical : SABRATEK CORP (SBTK)

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To: Mike who wrote (97)5/29/1999 9:13:00 AM
From: Know Genius   of 487
 
Obviously, we know why the inventory levels were up. The company was preparing for launch. I am willing to take the Co's word about AR levels. Obviously the shorts are scrambling now. I will be interested where short covering pushes the stock to. I don't think $35 would be out of the question.

Robby Stevens put out a buy with a $35 price target on Friday. It would not surprise me to see Bear Stearns, Smith Barney, and Merrill also increase their price targets in the coming weeks.

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