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Biotech / Medical : VVUS: VIVUS INC. (NASDAQ)
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To: Sycamore who wrote (8024)5/12/1998 6:38:00 PM
From: VLAD  Read Replies (2) of 23519
 
Looks like we tested and held our old support level at about 9 11/16.
I noticed that a lot of buyers were ready and willing to step in and buy into single digits. Today's successful test of our old support level is IMO technically a good sign. We now need to move North and produce another higher low (7 5/8, 9, 9 11/16, new higher low) which would certainly help establish a slow uptrend. IMO as soon as the stock finds a new higher low support level above 11 then the shorts will have to capitulate and begin to cover.
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