Vivus, Why the Slide? Message Board

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Biotech / Medical : Vivus, Why the Slide?

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To: Frostman who wrote (2804)	7/22/1997 9:42:00 PM
From: Tunica Albuginea	of 3991

Frosty, that's right.Everybody is up to their eyeballs in debt. I consider owning a stock at a PE of 60 as being in debt: You have to wait 3 years at markets current PE of 20 to get your money out and ther is no firm guarantee that you will. Greenspan said " factors restraining inflation are temporay". He didn't say "how long is temporary": ie wages could start rising soon and so interest rates.And what the market does with this is cheer and buy more at 150/share!!! This is lunacy. In the long run you should well with Vivus because at least it is not overpriced. However I am still in cash. I refuse to be the guy that is going to buy MSFT at 160 from the guy who paid 150 for it. Look at last July: market came down fast and furious.I'll wait and bide my time.Remember old Joe Kennedy's saying when he bought thousands and thousands of shares of Standsrd Oil at 10 pennies/sh during the 1929 crash: " buy it when nobody wants it. Sell when everybody wants it ". TA

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