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Biotech / Medical : SABRATEK CORP (SBTK) -- Ignore unavailable to you. Want to Upgrade?


To: mod who wrote (44)11/25/1998 7:44:00 PM
From: VLAD  Respond to of 487
 
Anybody got the latest short interest numbers just published?



To: mod who wrote (44)11/25/1998 7:56:00 PM
From: VLAD  Read Replies (1) | Respond to of 487
 
After doing the DD today I feel that based on the nature of todays announcement the stock price has a very high probability of recovering rapidly. The company has $75M in cash and is currently buying back shares on the open market:

biz.yahoo.com

Between the company buying back shares and investors buying in at oversold prices and a relatively significant short interest covering the stock price IMO should show a nice pop very soon.

VLAD

PS Jumped in long this afternoon at 13 9/16.