VVUS: VIVUS INC. (NASDAQ) Message Board

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Biotech / Medical : VVUS: VIVUS INC. (NASDAQ)

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To: EyeDrMike who wrote (2547)	11/16/1997 8:44:00 PM
From: BigKNY3	Read Replies (1) of 23519

Eye: << Is the selling due to another reason?>> Sorry to disappoint you but the PFE selling is not related to Viagra or anticipation of a PFE decline. The selling is a quarterly tradition by Pfizer executives and primarily has to do with expiration of their stock options. The selling occurs right after announcement of the quarterly earnings report. As with many corporate executives, instead of laying out money to purchase shares, the options are exerised and the shares immediately sold. This quarter, the selling occurred around October 16th (PFE@ $67). Six days later, Viagra received its priority review from the FDA and PFE jumped to 72 3/8. The PFE executives probably wished that they didn't have to sell. However, they probably still hold major investments in their company. BigKNY3

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