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Biotech / Medical : Vivus: into single digits

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To: MIKE DUBIS who wrote (149)3/30/1998 10:46:00 PM
From: BDR  Read Replies (1) of 1016
 
<<<I stay with my prediction of lower prices ahead for
VVUS.>>

Euphoria on the long thread is unbounded. Must be a lot of folks who bought in the low teens. Those that bought at thirty and forty aren't quite so happy but maybe they have moved on. In any case the fundamentals may not matter for a while as much the crowd psychology. If enough of them talk to each other they may convince themselves that 17 or 20 is a reasonable price. If that looks like the way it is going it may be worth a ride up but I would take a couple of points and bail out.

I saw the reference by TUNA that he bought Pfizer at the low of the day. Of course. He always buys at the exact low and sells at the exact high and practices medicine at the same time.(g)
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