Vivus: into single digits Message Board

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Biotech / Medical : Vivus: into single digits

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To: 777 Captain who wrote (369)	4/24/1998 2:19:00 AM
From: AlienTech	Read Replies (2) of 1016

I wasnt sure to laugh or cry seeing this message. what to do? market_timer Apr 24 1998 1:38AM EDT After riding VVUS down from 39 to 11 1/8, I sold short 10,000 at 7 11/16 last Friday and now I've lost 50% thanks to the conspiracy of all the longs and market makers to artificially boost the price. I'm glad it's only a paper loss. It's amazing what some people will do just to satisfy their greed. I'm not quite sure what to do now. Should I average up, especially if there is a strong open on Friday? I'm now low on cash and margin, so would writing naked calls be a good way to get my money back? I read on SI that VVUS will go to 5. I guess I just have to be patient and take a long-term outlook.

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