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Biotech / Medical : Vivus: into single digits

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To: MIKE DUBIS who wrote (655)7/1/1998 6:30:00 PM
From: Colby   of 1016
 
Mike,
I agree that BigKNY brought up some interesting points of conversation. However, I don't know how you are able to discredit every reason a long may have for being long. There is a reason this stock is not at 0. It may go there, but its not now, and that is because there is possibility of salvation. Being blind to the long side is as bad as being blind to the short side. I'm not saying you have to think those events will happen, but I think, in order to be well rounded in you investment decisions, you have to acknowledge the possibility.
A long who does not consider the possibility of VVUS failing suffers from the same dillusion. I and many other VVUS'ers understand VVUS may fall of the planet, but at this point we think there is a very real possibility for VVUS to prosper. Will it happen? Who knows? I wouldn't bet the farm on it, but I do have a few pigs wagered.

Always nice to see a conflicting point of view,
Colby
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