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Biotech / Medical : Vivus, Why the Slide?

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To: Rubble who wrote (3905)9/25/1997 12:24:00 AM
From: K MAC   of 3991
 
Rubble

I agree with what you say about VVUS not reversing. Its just resting for its next run to 40 and above. I also believe its because there is real buying this time around as the fundamentals get stronger and the story gets out. This stock will become a profitable long term play. Us SOES players just make the trip up a little more interesting. ZONA on the other hand is more likely to come tumbling down when the momentum leaves and no real buyers step in.

I am still watching closely and will re-enter at at any price below 35 or when I see the momentum start again to the upside. I still intend on owning this stock for a longer term trade.

K MAC

BTW-Smith Barney and Herzog were not buying today agressively. They step aside on pullbacks and lead the way on up-moves. When I see them jump in again I will be along for the ride !
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