Vivus, Why the Slide? Message Board

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Biotech / Medical : Vivus, Why the Slide?

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To: Edderd who wrote (1755)	5/29/1997 10:07:00 PM
From: Tunica Albuginea	of 3991

Edderd,how true. Few people ( except physicians physicians I suppose ) understand the magnitude of this problem.Men/patients rarely talk about it because they know there is nothing anybody can do( by and large, that is, non-invasively ). Where did you get 15-20 times increase capacity? My info says 4-5 times. There areno shares to be shorted available as of today at Merrill-Lynch who reportedly was one of the largest shorters in the beginning;this may be true of other brokers. Yesterday the Wall Street J,( or maybe on Tuesday ) showed that that short interest April15 was ~ 4800000 shares and on May 15 it had incresed to only ~ 4900000 shares ( ie by only 100000 shares in one month when the stock took a big dive ( I think ~ 15 points ) . Thus I suspect the selling pressure is off; ( also, stock owners may have taken their shares off the market after the big short sale ( angry stock owners ?!? ) ;( you can do that: just instruct your broker you don't want your shares to be loaned out to a shorter ). Also I think that all those without the mental fortitude to hold on to the stock after a 50 point ( 70% loss ) dive are gone.So the only holders now I suppose are the "true believers " ( and I suppose a few who are too shell shocked to sell and are holding for dear life.) So selling pressure may be off. At this point then who is brave enough to buy this stock? My guess is ( disclaimer ) that it is only those who have done the fundamental research as you mentioned and can see through the noise; see 1 -2 years down the road; I think only these guys would want to buy " this turkey ?! " on down market days. By the same token then these people will be unlikely to sell soon. Perhaps also believing patients may be buying it [ seniors in Florida? Arizona? there are some very sharp investors out there with cash flow who do their homework: they are not likely to sell either I suspect. that these people

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