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Biotech / Medical : Vivus, Why the Slide?
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To: Sidney Merle Foster who wrote (2931)8/4/1997 10:42:00 PM
From: Tunica Albuginea   of 3991
 
Sid, there is simply not enough muse to meet demand.It is unfortunate.
But I think the company wants to do things right, get a clear
go ahead signal from the FDA before expanding hekter skelter.From
their perspective I think this is the right approach. Ther is always
a shotaege of novel items.

Of greater significance to me now is the UPS strike. For reasons too
lengthy to get into now, but which I am sure you'll be reading/hearing
about in the next several days, in detail, this strike has the potential
of bringing about the market correction that Alan Abelson has been
talking about for the last 2 years.Briefly;Both parties are entrenched.
The workers are angry.They have the upper hand because at the current full
employment UPS can't get cheap replacement temps.Other companies will follow
suit.Look at GM workers stretch to the limit, they don't have time to go to
the bathroom.too much over time.Workers have seen giant company profits for
17 years and now they want a piece of the action;also so they too can invest
in the stock market and prepare for the forthcoming collapse of Medicare/Social
Security.Wages comprise 75% of prices--->inflation. UPS can't move out
to Brazil.They are sitting ducks now as far as i am concerned.
The economy and earnings will slow and stock prices will correct.Read about
it in the Wall Street Journal tomorrow I am sure.
TA
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