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Biotech / Medical : VVUS: VIVUS INC. (NASDAQ)

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To: Craig Rogers who wrote (7429)4/24/1998 4:20:00 PM
From: AlienTech  Read Replies (2) of 23519
 
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.

Now me personally just got back in at 12 3/4 at the end of the day for the monday morning pop!
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