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Biotech / Medical : Vivus: into single digits

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To: MIKE DUBIS who wrote (950)8/30/1998 10:47:00 PM
From: AlienTech  Read Replies (1) of 1016
 
Mike did any of these 'dissimation of information' go out on the news wires?

>>How many times have companies been run up on speculative and unproven rumors? <<

Lots from what I have seen. But there too I have not seen someone go to the trouble of puting out press releases on it.

>>Again, you are trying to come up with an excuse for the stock's poor performance. <<

The stock is performing poorly, but not without a helping hand.

>>" Do the shorts cry "foul"? <<

All the time! I was just saying a few posts back how when I was short PMCS @ 37 seeing how it had a P/E of 50 for semi and making new 52 week highs and how some were putting out very very bullish comments that had no basis on reality. And drove it to 57! Dont forget PSFT which I shorted at 52. Then it went to 57 which was not as bad and in less than 3 months both companies are trading at 50% of what it was.

Guess this is a personal problem. I just hate it when I can see obvious manipulation going on and others dont. Especially when I see that its the same people doing it.

Oh I am not long or short any of these stocks now, I think I learnt my lesson in the last two years and prefer to just earn what the banks give me for now. What I saw does not instil much confidence in my outlook on the future of the human race.
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