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Biotech / Medical : Vivus: into single digits
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To: MIKE DUBIS who wrote (669)7/3/1998 12:54:00 PM
From: AlienTech  Read Replies (1) of 1016
 
Mike, Although I envy your short position at this point, I dont think all of us long are sticking our heads in a smelly place. I was going to box in at 11+ but could not as no shares were available. Now it just ended up lucky that the shady management caused some major holders to cash out and the price tanked.
Investing is more luck than anything else. I have read quite a bit on SI and other places about how smart some people are. Its all bull, just cause something happened that you did does not mean it happed cause of the reasons you think it did. If that was the case then the stock market would be a real easy place to make money in and non of us would be working.
After all, did you short MANU, SDTI, MDMD, SFAM, Heck hundreds of companies whos prices tanked 50%+ in less than a month?
Ofcourse, last year did you buy stocks in these same companies when they doubled in less than a month?

Can you name another one product company that went from 90+ to around 18 and went back to 70? :) It took time.. But that company is still around. Its MU.. And Mr.Currylack is still saying they will go out of business..

What price should a company thats going to loose over $5/share trade at?
APM: NATNBK MONT.SEC has reiterated estimate for fiscal year
ending 09/98 of $-5.15 on 06/30/98
APM: NATNBK MONT.SEC has reiterated estimate for long term EPS
growth of 25.00% per year on 06/30/98
APM: NATNBK MONT.SEC has reiterated estimate for quarter
ending 06/98 of $-1.25 on 06/30/98
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