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Biotech / Medical : VVUS: VIVUS INC. (NASDAQ)
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To: VLAD who wrote (6020)3/21/1998 3:38:00 AM
From: Jon Huang  Read Replies (1) of 23519
 
After reading your post, I'm amazed how you come up with Merril Lynch is shorting at 10 3/8 while covering at 10 5/16 at the same time. The fact is you can't tell if someone is shorting or not just by looking who's at the bid and ask side. Although level II quote gives you the house name and bid and ask sizes stacked up on both side, it doesn't tell you if a trade is a short sell or simply frustrated investor trying to dump their shares. The psychological support for VVUS is in the mid 9's right now and I think short sellers have done a good job supportting(covering) this stock at that level. The way this stock has been moving in the past few weeks, hardly any big boys have been accumulating this stock.

Regards,

Jon

P.S. I am neither long or short in this stock, merely observing.
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