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Biotech / Medical : Vivus, Why the Slide?

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To: DDS-OMS who wrote (3897)9/24/1997 11:02:00 PM
From: Tim Gardner   of 3991
 
I don't think anyone has anything to worry about. The only reason VVUS was down today was because of the drop in the market, and it was only a point at that. BIG DEAL- By next week at this time VVUS will be well over 40. Some investors chickened out today and it will be their loss. The fundamentals speak for themselves. Add in a short squeeze and VVUS may find itself near 70 by year end. I think we all know earnings are going to be stellar, and these little pullbacks are just a bump in the road. As for the market in general, I think today's drop was just a random pullback. Investor's were looking for a reason to do some profit taking and a small drop in the DOW just snowballed into the large drop we had at the close. I have a feeling tomorrow will be an up day regardless. GO VVUS!!!
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