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Biotech / Medical : Vivus, Why the Slide?
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To: Richard Singer who wrote (3220)8/28/1997 12:34:00 PM
From: DDS-OMS   of 3991
 
Richard,

Please dont think I was insulting your "investing intelligence". I vividly recall in December 1974 the WSJ stock tables replete with
GOOD stocks selling at TWO times earnings--course those were trailing earnings and a lot had declining earnings--still those days will be revisited. There is no new paradigm and the business cycle hasn't been abolished regardless of what the pundits say--they have said essentially the same thing every time the market has been overvalued prior to a cyclical bear market. I personally dont think this is it yet--I see too much pessimism and expection of an imminent bear for it to occur yet. If this is wave 4, we have one more last hurrah, so maybe there is time for VVUS to make your $50 target.

Regards,
Gary
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