Well folks, nice day to be long VVUS.
Of course a lot of you remember how it felt to see VVUS in the high 4's on the way down, I do too, and you know it.
A one-foot tree that grows a foot a year grows 100% the first year then 50%, then 33%, then 25%. Just a little "thou art mortal Ceaser" in the ear. Those who know me, know I'm long this stock because of the product MUSE and the A-Z merger which may give us the long-awaited partner.
But after today I have to say that this could turn back into a "Big MO" play as it has been in the past, time to check the candlestick for the "White Marubozu", which has just occurred if you take the afterhours into account.
"A White Marubozu is a long white body with no shadows which indicates a bullish trend. It usually becomes the first part of a bullish continuation or a bullish reversal pattern."
The long-suffering longs on this board know that there is good news ahead, at least on the earnings side, and maybe on the news side, too. I look at this female Sexual Dysfunction thing as the trigger that has scared some of the major hedgers into covering the short side, and the press releases about the movement has attracted the momentum small players. We all knew about it a week ago, Ho-hum. I counted 350 new posts on the Yahoo board (boy, if ever a name was appropriate).
I'm putting my shares in for sale at 11 7/8. This would take a 200% raise from today to close. But this means that my broker has to get those shares ready to settle, if it happens.
This happened on a Monday, there can be some serious daytrading going on in the next few days. Of course, if there really gets some upward momentum going, I will raise my sell stop. But my action puts my shares in play, and you all know what that means.
Best of luck to all
Zebra
I don't care if the stock goes back to 42, you will never convince me that this should not be just an R&D company, and let the big Pharma do the marketing and production. |
