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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: Jane4IceCream who wrote (55468)5/3/2000 9:46:00 PM
From: 1-DAY-TRADER  Read Replies (2) | Respond to of 122087
 
RAD ... (LONG) is probably the biggest opportunity in your life time !! i am a short seller in nature, i just hate holding any thing long, but this one is
a huge opportunity, i would take my chances with it any time!!!

This reminds me of ORCL & CIEN when they were $20 ..look at them now :)

Reasons:

-Book value is $9.42
-Third largest Rx stores in the USA ..
-The reason it was over over sold is that I think some funds & MM's had margin calls and needed to dump so much out
Also, there was a rumor that were going out of business, which is not true for the following reasos:

1-in the Phcy business, Rite Aid is a member of the OLIGOPOLY ( like Chrysler in the car business) .. It can not simply be allowed to fall so
easily, govmt itself maynot allow it for fear of increasing WAG or CVS powers .. but may be Eckerd would buy it.

2-JP Morgan convrted their debts to warrants at $5.50 ... do you think JPM would that if RAD was going to BK

3-CITIBANK has just extended them $1 billion dollars in loan credit ..
NOW DO YOU THINK THESE BIG-MONEY BANKS ARE STUPID TO EXTEND ALL THIS CREDIT AND DEBT CONVERSION TO
WARRANTS FOR A COMPANY THAT IS ABOUT TO GO OUT OF BUSINESS ???

I AM POUNDING THE TABLE NOW ..CAN YOU SEE ME :))) LOL

I AM REALLY SO RELAXED and I sleep like a baby with this retirement investment ... i do not plan to sell MY RAD till retirement ... its like
uying CIEN and ORCL at their lowest points last year, wouldn't you love to take the clock back and buy them at $20 :)

HERE IS YOUR CHANCE :))

Please feel free to ask me any question on it :)