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Biotech / Medical : Vivus, Why the Slide?
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To: Frostman who wrote (2901)7/31/1997 7:56:00 AM
From: ChinuSFO   of 3991
 
Take a look at the year chart for VVUS. What do you think? I see two options:

1. We retest the $26 level and form a nice double bottom--should be able to break $30/$31 resistance from there OR
2. We get some good news and blast past resistance. (If we do this, the chart starts to look like a bigger, broader version of last year's runup. $45 in a couple of months would make those Dec $25 calls of mine very nice, indeed.

Lets hope for a steady overall market,

CR
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