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Non-Tech : Bill Wexler's Dog Pound
REFR 1.620+3.2%Dec 5 9:30 AM EST

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To: Bill Wexler who wrote (732)4/16/1999 5:03:00 AM
From: Bill Wexler  Read Replies (3) of 10293
 
VVUS needs to be looked at.

Vivus just announced that earnings will come in at beter than expected $.12

Unfortunately, they didn't pre-release any details about revenues, etc. so I'm questioning the quality of the earnings.

The stock has done nothing but flounder for the last year or so. it popped today from 3 and change to almost 5 on the news.

What's kind of funny is all the preoccupation on the Vivus thread about the "shorts" and how the shorts will get "killed" tomorrow- which is kind of odd since most pro short-sellers established positions when the stock was trading much, much higher and the current days-to-cover is actually fairly small.

The current hysterics on the Vivus thread lead me to believe that the longs are setting themselves up for the same kind of kick in the ass suffered by victims of the Biotime stock promotion fraud.

The stock will probably take a small pop tomorrow but I will bet there's no follow-through. Furthermore, I will also bet that the euphoria surrounding this preannouncement will quickly disappear when the full earnings report is released.

I'm not sure it would be worth it to short the stock going into the full report - but it may be interesting to buy some June puts.
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