Mitch, well put; I agree 100 %.
"If 37 3/4 is the best that our little morning downturn could do then we're sitting pretty good. Everyone seems to be sitting on needles this morning wondering what to do, I say onward and upward, lets continue the squeeze! ".
Aftrer my nice 6 mile run this AM your mind clears up significantly and you think. We are at 38, which is precisely half way from 75,
which is supposed to occur in 6 months, precisely 1 year!! after Genesis Merchant predicted it 6 months ago! In other words we are precisely on target.
The only diffrence though is that the best is yet to come:
- we have essentially gotten rid of all overhead resistance.Vivus traded above 38 for only 1 day!!So whoever has been itchy to get out
has essentially done so.In otjher words there will be more buyers than sellers.
-The short interest ratio as of last week is still intact: 10 mill shares; these guys will start covering, massively I believe, as soon as we cross 42, the high for the stock.That is when margin calls will start coming in.The squeeze will definitely occur by Oct 8 I think because of blow out earnings.If you are not in the stock you will miss it.
-There is a tremendous hunger for the stock.Vivus was at 37.7 this AM for about 45 seconds!!! with hube buy bids coming in immmediately.
The next quarter of course we are looking at a 100%, at least, increase of earnings per share sequentially Q from Q. How much is that worth?
- Daily Chartrs eps of $1.65 for 98 is much less. I feel $ 3 is more like it.
- Lunch is approaching and Vivus is sitting atop the mountain ( I like it better than a rhino ), looking around and saying " it's open flight from here.How mnay shorts do I eat today? gg .Stock at 38.4
and feeling strong.
- A comfortable move I think would be 39 today, 40 on thursday
41 Fri and then of courser Mon as we are approaching eps,
42 + Squeeze? ggg.
GO Vivus.
TA |
