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Biotech / Medical : Vivus, Why the Slide?
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To: Tim Gardner who wrote (3273)9/3/1997 12:46:00 PM
From: DDS-OMS   of 3991
 
Tim,

VVUS has definitely broken out. Using GET's What IF? feature and inserting a close of 30 today, 31 tomorrow and 32 Friday, GET will call it an early wave 3 with much higher upside potential. Forty might be a bit optimistic, but with heavy short covering, it sure isn't out of the question. Heavy volume today may be a lot of shorts capitulating. Went long today--first time after 3 previous profitable short positions.

Regards,
Gary
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