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Biotech / Medical : Vivus: into single digits

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To: MIKE DUBIS who wrote (860)8/19/1998 6:06:00 PM
From: VLAD  Read Replies (1) of 1016
 
MIKE,

You are sounding to me like you are getting a tad bit nervous about whether you should cover your position. I think you are reading much to much into one statement. After all, the quarter is only 1/2 over so I don't think the company itself really knows for sure how well they will do by the end of September. You can hold out for maybe another 1/4 point if you are lucky but I doubt you see a lower price to cover. IMO the stock is already priced for little if any profit in Q3 and by then they will have JNJ signed up for a great Q4. I can already see myself at the restaurant wiping the pie crust off my mouth. Knowing my luck, BC will be out of business by then. Expect the same trading for another 2 days. We have to see 5 by Friday if the stock acts like it always does.
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