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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Paullie who wrote (4197)	3/11/1999 8:31:00 AM
From: Rande Is	Read Replies (2) \| Respond to of 57584

NBTY - - Paullie, I think the most significant part of this news is that the company realizes that their stock is doomed to single digits and being shorted like crazy, mostly due to the large float. That is important because they have not only recognized the problem, but have taken steps toward the correct solution. Other stocks we follow in a similar funk include IOM, TAVA and SPGLA. But so far, no word of buybacks from these. As for crystal ball. . .I have said many times that this is perhaps the most under rated internet related retailer, due in part to their leadership role in the vitamin and supplement biz. They are the manufacturer, distributor, retailer, e-tailer and cataloguer [is that a word?] I would think there will be some short covering on this news, which may or may not lead to mass short covering in the longer-term. . . depending on how long NBTY takes to buy up these shares and depending on the next big news. . . if the buyout happens first, then it gets some big news. . . .look out. Otherwise, it should still move rather slowly. . . I see it going back to low teens and peaking about 17 some time this year. . . but then my windows need a good cleaning, so give or take a point or two. Rande Is