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Biotech / Medical : Vivus, Why the Slide?

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To: David Pawlak who wrote (2756)7/17/1997 9:32:00 AM
From: George Kirlin   of 3991
 
david, Thank you for the great analysis and posting. I don't have access to the numbers the way you do, but my gut has been telling me the acculmulation is underway by larger institutions and these large blocks at the offer confirm it. We are continuing this wonderful churning where those who got in at the low 20's are getting out with a nice 40-50% and moving into tech stocks. Others are moving in at 29-31 for long term hold as the 2 qtrs of earnings prove this is not a fluke company. Forward projections are extremely positive although the lack of production is the only hinderance at this point. As Mark has pointed out, the stock is closing higher by 1-2 points per week and as we approach that 35-40 area, panic of any shortsellers will also kick in (for what it is worth). I'd rather this is a nice strong colt rather than a rocket ship, though. They sometimes fall to earth, whereas colts turn into throughbreds over time. George
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