Vivus, Why the Slide? Message Board

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Biotech / Medical : Vivus, Why the Slide?

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To: Tunica Albuginea who wrote (1932)	6/11/1997 7:20:00 PM
From: James Edge	of 3991

The problem with Carlton Lutz is that his self proclaimed 1500% returns include only the stocks that do actually appreciate, and his entry and exit points are often horribly timed. All of the stocks that you mentioned were at one time or another phenomenal growth stocks. With the exception of Presstek and Iomega he didn't reccommend these stocks until they had run up to astronomical levels. Cascade Communications is a good example. Lutz says BUY at 68-70 in July of 96. A few weeks later he says SELL at a nearly 20 dollar per share loss. Then after it runs back up to almost 70 he again issues a BUY. It trades today at 29. Some of his other favorites: SDTI {Buy at 45}, PAIR {76}[19], RSYS {57}[36], and my alltime favorite CTN. He says buy at 44. It now trades on the pink sheets for 2 or 3 dollars a share. He reccommended it as a STRONG BUY all the way down. None of this is ever mentioned in his commercials. I would venture to guess that if one put $100,000 into his stock reccommendations on Jan. 1, 1997 you would be lucky to have $15,000-$20,000 today. Based on recent experience, I would rather be short any CABOT stock right now than long. Take care, James

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