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Biotech / Medical : VVUS: VIVUS INC. (NASDAQ)
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To: LoLoLoLita who wrote (6761)4/9/1998 9:56:00 PM
From: VLAD  Read Replies (1) of 23519
 
Dave,

Perhaps towards the end of the run up vivus did all or most of its buying. Perhaps they did heavy buying from 13 to 15+ thinking at the time that the momentum was up and the stock price may never have gone lower? Technical analysis may have suggested that the gap was going to be filled? Perhaps the buyer for vivus thought that if he didn't buy back shares at 13 to 15+ then he would have to buy all the shares at 16 to 20? It seems to me that we can't blame them for not predicting the future. Even at 14.75 the price was still over 65% off the 52 week high. At 10 we are about 75% off the high. It is easy to say that they paid 33% more than if they bought in at 10 but I myself (and I think most everyone on this thread) thought it highly unlikely for the price to go back down to 10 AFTER doing a triple bottom and showing good support at 10.
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