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Biotech / Medical : Vivus, Why the Slide?

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To: Mongo Slade who wrote (1885)6/9/1997 8:07:00 PM
From: Tunica Albuginea   of 3991
 
Mongo ,Re: " tell us when you buy and sell ". I bought a small
amount today just to round off my original position that I started
reconstituting on Friday @ 43.However I will continue to buy it on
the way down just like I did last time ( if it goes down this time also ).
The purpose of this is to excange useful information ot this thread
from all the " conoscenti " to help improve our trading " swing "
so to speak.
What is going on with Vivus at this time? Any guesses?
First of is the market being manipulated? Well Milliken is in jail;
Did somebody replace him? Anybody out ther that sees a plot please
come forth and tell us.
Volume was down today and bid/ask tight.: almost reminds us of when
the stock was trading for a few days around 30.6 - 33.7.R.Singer is
the stock basing again?
Low volume may indicate not too many individual investors; ? institutions?
Dale do you think somebody is holding the price of the stock artificially
high and preventing it from falling to -- the 20s?
I look at it from a valuation viewpoint:it is still quite cheap. Somebody
has their figures wrong here.Daily charts has EPS of $1.60 for '97
at current capacity;If in Nov they will increse capaciy from 5 ( to 10 ? )
times shouldn't EPS go up higher than the recorded $2.95 ? Forward
pe is 15 . It is encouraging that famous Presstek talked about this
am in Wall St J. for it's recent increase had a PE of 900 last year when
it reached $ 200. By the same token based on current Estim. EPS
when Vivus reaches $ 100?! it will have a current PE of 62 and a'98
PE of only 33.If you relate that to a 500%? growth rate ( production
increase of 5 times ) then a PE of 33 actually appears excassively
cheap.
Dale i have a hard time NOT running these calculations in my mind from
time to time.
There you are Mongo.What do you think of all these numbers? Just hype?
Your considerate oopinion appreciated.
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