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

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To: EyeDrMike who wrote (3512)12/12/1997 1:55:00 PM
From: Evan Dimmer  Read Replies (1) of 23519
 
I spoke too soon before, but I now believe that the worst is over.

The volume has completely dried up compared to this morning. I believe that the major selling is over. Now we are positioned to work ourselves back up. I just added 25% more VVUS at 11.625 and feel that we have found a nice bottom. It seems very afraid to break through 11.5 and we have bounced off of that a couple of times now. Although, I am not a professional TA guy.

I also think that with an up market on Monday, and hopefully the major portion of next week after this 3 or 4 day sell-off, VVUS will head back up towards 14 or 15 next week.

Just my thoughts.

Ed
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