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Biotech / Medical : Vivus, Why the Slide?

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To: Tunica Albuginea who wrote (3931)9/25/1997 12:19:00 PM
From: DDS-OMS   of 3991
 
TUNA,

Not that it makes any difference, but I posted yeaterday that I sold my last half at 38 3/16. The only way I would short VVUS now is if you would underwrite any losses--of course I would share any profits<gg>

I was heavily short throughout March-April-May. Haven't been short anything since then--but I'm always on the lookout for promising shorts for when the market heads down. Current short candidates are DURA and PLAB--but am NOT short at present. Dont believe it's prudent to short in an uptrending market.

The fact that Barrons has been wrong for 2 years and now has thrown in the towel and become bullish is sure as hell not encouraging--probably signifies a top as well as any indicator does!

Regards,
Gary
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