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Biotech / Medical : VVUS: VIVUS INC. (NASDAQ)
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To: Brian Pastor who wrote (2205)11/7/1997 2:29:00 PM
From: Zebra 365  Read Replies (1) of 23519
 
This is not the answer you want.

As a short term trader, I think you are looking to do a dangerous thing, take a long position on a stock where you have serious doubts about the fundamentals. If you do this, every tick down will confirm your inner fears and the weekends will seem like an eternity. This can easily lead to closing your position at a loss. Been there, done that.

I play stocks short, long, (don't do options) and for short periods of time or long ones. But I follow the advice of Warren Buffet, "If you would not hold a stock for fifteen years, why hold it for fifteen minutes?" In other words I don't chase momentum if it goes against the fundamentals of the company's long term prospects (as I see them). If it goes with, that's another story. Just my opinion.

Happy Trading

Zebra

PS to All: Just because the rooster crows and the sun comes up, does not mean the rooster causes the sunrise. The mortality rate for 79 year olds going to the grocery store one time is probably one death in 200,000 trips.
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