SPARTAN STOCKS 300
Exclusive “Stalking Horse” Stock Pick
Chem Rx Corp. (CHRXQ: OTC)
Spartans,
TRADE ALERT
News Could Come at Any Moments,….CHRXQ!
The Facts
- CHRXQ, headquartered in Long Beach, NY, is the third largest Long Term Care pharmacy in the U.S., and is family operated. CHRXQ currently services all of New York State, New Jersey, Pennsylvania, Florida and Illinois.
· Last week Monday, it was announced that CHRXQ had reached “a stalking horse” asset purchase agreement with pharmaceutical services company PharMerica Corporation (NYSE: PMC). The total value of the buyout was $70.6 million (Based on its share structure and minus CHRXQ debt, that’s $5.11/per share).
· CHRXQ is a low floater with only 13.7 M shares as of August 13, 2008, with the speculation building around the value of the shares to the share holders this huge “stalking horse” agreement shares are surely to tighten up very quickly.
· These are exactly the kind of short term, massive gains potential deals that Savvy Investors and Venture Capitalist search for. Expect to see shares dry up as deep pockets move in very soon.
· Since the CHRXQ stalking horse story broke, shares rocketed toward 100% OR MORE in THREE DIFFERENT TRADING SESSIONS since last week.
Keep in mind, all of this was done with VERY LOW VOLUMES. Plus, CHRXQ and PharMerica Corp (PMC) have yet to address shareholders of what this means but a PR is expected soon. Coupled with the added exposure and buzz CHRXQ is getting, we expect to witness another bolting THOROUGHBRED run to finish, which just may be somewhere in the $3.00 to $6.00 range.
Stay Tuned!!
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Good luck, and remember to always lock in profits.
~Spartan~
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