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

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To: Anaxagoras who wrote (3763)12/16/1997 4:24:00 PM
From: mc  Read Replies (1) of 23519
 
Anaxagoras, stick with it. What's the worst that can happen? Another 9 15/16 drop? We've already seen 30. I feel the stock has VERY strong support at 0 and we're approaching that now.

After a very conservative review of the numbers I really think the worst we could possibly see is .12 a share this qtr. Based on the way things are going, I have re-evaluated my position based on those earnings (even though I hope they'll be higher). Even at that low estimate, this stock is a steal. The P/E will that of a company with no growth. Is everyone out there really projecting that Viagra will wipe Vivus out? Everytime I say it I'm proven wrong, but, I really don't see how we can continue down for much longer (if only because my support level at 0 is nearly upon us).

It's not like this is Zona and we're burning cash. We've got a saleable product that is turning a tidy profit for us yet we're being outdone by unapproved drugs the efficacy of which is still an unknown. Did we just lose the patent dispute with HVSF or what? How else can we be at these levels?

Oh how I long for an open candlestick on the chart.

Good luck everyone (except the shorts - they've had their fun),

Gary
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