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Biotech / Medical : Vivus, Why the Slide?

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To: Mitchell D. Wilcox who wrote (3674)9/20/1997 9:11:00 AM
From: Frostman   of 3991
 
Mitchell, Other than a little profit taking, I believe it is possible for next week to be very strong. One sign I like, is that according to the Worden TC-2000, VVUS began to be heavily accumulated 4 days ago following a month of ambiguity. I want to see a price-climb into earnings on 10/8, the question is....has that started? Well, we made it through Friday expirations AND have found support over 30. I expect earnings to be stunning, with or without the UK announcement which still has time to fall into Q3.

I'd like to see some of the strong TA guys go on thread and provide a technical overview of VVUS present and future.

Frostman
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