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Biotech / Medical : Vivus, Why the Slide?
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To: Autumn Henry who wrote (1974)6/13/1997 8:21:00 AM
From: James Edge   of 3991
 
Autumn,
It's not a matter of being right or taking sides. There is so much hype and misinformation out there especially on the internet that you have to be very careful what you believe. The annonimity that this medium offers is condusive to abuse. Not to make accusations, but there are people in this debate who will not reveal there real names. Just because someone identifies him/herself as a urologist and compares the introduction of Muse with the advent of the personal computer, doesn't mean they should be taken seriously.
Iomega was taken to astronomical highs last year primarily due to hype on the internet. For the people lucky enough to get in at the bottom and out at the top they did alright. But many others believed all of the hype and simply wanted their share. They bought in at 50 or 60 and have taken a bath.
TA says that he believes this stock will reach 200-400. I think that this stock is at or near it's peak. It may spike up as a result of the hype and a booming market. It may not. If it does, picking bottoms and tops is immpossible. TA may brag about getting out at the top and getting back in at the bottom but start believing him when he proclaims what he's going to do ahead of time. If I had ANY confidence in his judgement, I would be right there with him.
Go back and look through some prior posts on this thread. You'll find some reasoned, compelling reasons why this is a dangerous stock to be long in.
I hope you can ride this thing up 20 points and then back down, but on any weakness this stock has the tendencey to drop BIGTIME. Look at the past three month's chart.
Sorry for rambling, I've got to go to work now.

Good luck with this one.
James
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