Horizon Pharmacies, INC. (HZP), a large pharmacuetical aquirer, will soon begin to sell drugs and other pharmaceutical items on the internet according to rumor- Horizon Pharmacies is ranked 74th on the list of "Top 100 Hot Growth Companies" published by Business Week; it has 32 pharmacies in 10 states, plus 9 home medical equipment units- in addition, their net income in the quarter ending September 30 1998 was a profit of $830,000 as compared to a loss in 1997 of $17,000- earnings for the 4th quarter are due out in a couple of weeks, and a positive earnings surprise is a distinct possibility- with these two possibilities coupled together, a short term pop is very possible- this stock will hit 13 to 16 within 2 to 4 weeks- this is unlike other potential net stocks because it is already a solid growth company- here is a direct quote from the CEO of Horizon Pharmacies from November of 1998: "In the first part of 99 we will agressivly market our internet site. Improvements to our web site and adding categories such as prescription refills are currently under way. We do not feel marketing of our web site should be done until we are 100% ready."- based on the current atmosphere, simply opening up shop on the web adds a 5% increase to a stock- if you don't believe this message, check my credibility by looking at my previous picks which were Network Event Theater (NETS)- when I recommended it, it went from 9 3/8 to 18 within 1 week- I also recommended Spiegel (SPGLA), it was 6 1/2 when I spread the word and got as high as 10 15/16 that same day- I also recommended Pacific Sunwear (PSUN) at 15, it reached a high of 22 3/8 today- you will be kicking yourself for the rest of your life if you do not buy Horizon Pharmacies (HZP)
short shares 139,923 07/98 1,150,509 12/98 Good earnings numbers and good news will force a squeeze which should significantly bump up our stock price. Days to cover approx. 10.55 based on shares short / avg. daily volume.