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Biotech / Medical : Barr Laboratory BRL -- Ignore unavailable to you. Want to Upgrade?


To: harkenman who wrote (134)11/3/1998 10:37:00 AM
From: E. Graphs  Read Replies (3) | Respond to of 207
 
harkenman,

I believe the stock is undervalued and will continue to move up. My price targets are ~41 and then ~66. The stock had a decrease of short interest (as of 10/23/98) of 47%, and at that time the stock was at 30 3/4, so I don't think this advance is from short covering.

The stock may also be tracking (poss leading) the DRG index, which is doing well. As long as the market in general continues to recover, BRL should do well.

dbc.com

askresearch.com

There has been a lot of good news out on this company, and they have some excellent high quality generics coming to market. I can imagine huge future profits on their new birth control drug. A wonderful solution for a huge market of young adults.

I trade on technicals, but I like to choose companies based on solid fundamentals.

Regards,

E. Graphs