Caciato: There are a couple of points I disagree with you on> First of all, when you indicate that, if the stock drops, you will jump back in at a lower pe(and obviously a lower price), you assumes at least a sustainable pe. In my opinion, you will see lower earnings with VVUS, perhaps starting right in 1998 but, again, in my opinion, lower in 1999 than there was in 1997. Second, you look for more "favorable news" to help the stock. In the past, the favorable new on VVUS was only momentarily helpful. I see no reason for this trend not to continue.
Again, only my opinions. Good luck to you. |
