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Biotech / Medical : Vivus, Why the Slide?

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To: Richard Singer who wrote (2829)7/24/1997 3:12:00 PM
From: Mitchell D. Wilcox   of 3991
 
To All-
I realize I probably sound like a broken record but here it goes again. I talked to "the broker" and he remains confident that the next push up will send this to the breakout phase. I personally am getting a bit wary but still have a nice profit and will count on what experience tells me a little longer. The obvious says to sell now because if it was going to go up it would have but the market rarely follows the obvious. Look at YHOO for example, this thing is screaming overvalue yet people are holding it up around 50. It may still crash but it's taking much more time than I ever thought it would. The good thing about VVUS is that many of the shorts have high hopes right now (i.e. Dan'l) but if we can push it up one more time I predict that they won't be able to handle it. Will it go up one more time? I guess we'll just have to see! Good Luck to all!
Mitch
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