Vivus, Why the Slide? Message Board

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Biotech / Medical : Vivus, Why the Slide?

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To: Tunica Albuginea who wrote (3879)	9/24/1997 5:11:00 PM
From: Nanny	of 3991

<<<Carlton has been accused in the Wall Street Jour (sic) write up 1 year ago of playing both ends of the stick: The SEC (I believe) is accusing him of recommending Presstek to his letter readers while his sons managing the Cabot Fund either sold Presstek on the way up and/or sold it short.>>> Excuse me, but all of the above assumptions are wrong! Mr. Lutts neither sold Presstek shares nor shorted Presstek shares! Any selling was for portfolio balancing ONLY! If a stock is performing SO WELL that it becomes too large a part of your portfolio then prudent management would reduce positions!!! Excuse me for butting in here but Presstek and Carlton Lutts have had their positions misrepresented too many times in the past to not correct any misunderstandings. I hope you understand. BTW, Cabot reiterated his "buy" recommendation on Vivus yesterday. I am long VVUS also. Regards, Nanny

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