VVUS: VIVUS INC. (NASDAQ) Message Board

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

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To: VLAD who wrote (10679)	7/7/1998 9:57:00 PM
From: bigg e	Read Replies (2) of 23519

VLAD...Nice day. Spoke to AG Edwards broker today around 3pm EDT. At that time, he felt 10$ was a strong resistance point. At approx 3:45pm EDT he called back to say that at 3:31pm the Charlie O report had hit the wires and stock began it's run to the close. Technically the close was bullish and the sense I got from him was that we may see a continued run tommorrow. If we can get through 10$ on heavy volume we could begin to approach the gap between 14-20$. On the other side, if a pullback begins, he indicated we could retest the lows or close to it but the general sentiment I got from him was the run should continue. He indicated that a strong opening at or above 10$ could begin to flush out some of the larger short positions. In that case, we would see a true short squeeze. The smaller players will begin to feel the effects of margin calls soon which could also contribute to the melee. As for the conference call, PW does seem to believe something will be announced as to the domestic sales group. Also, don't forget First Boston. They are supposedly on the bubble. We shall see.

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