Brian you are the voice of reason, but I am hopelessly long...
well, sort of:
VVUS likes to run up and down the "twenties"........
The stock has taught me to hold the balance of my shares long, to set
aside funds to buy VVUS when it is on sale, and sell it when it begins to indicate the up trend is losing momentum. Garys work indicates that unless the price gets to 29 and change, we could have have another sale that will push the price back into the low 20's.(Then I will buy more, I believe many of us will <insert show of hands here>). I'm new to TA and he has really peaked my interest. I got the TC-200 charting
system recently and am busy cussing the learning curve. But, the BOP
chart is pretty straight forward, and it can't seem to make up its mind whether folks are holding or selling the stock. Real ambiguity since the first of the month. The BOP tonight will be interesting. I just want to see a trend establish.
As a long, I must open the offical VVUS tome and read aloud. It says,
"Time is running for VVUS sales this quarter. The UK announcement and Q3 earnings whispers will eviscerate a sale in progress."
My personal hope is that the stock is not slumping when either of these key pieces of information hits the streets. I would love to see
UK and Q3 EPS info come into play from a position of strength.. 29, 30 would do nicely.
Way long,
Frostman |
