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

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To: blankmind who wrote (20177)3/30/1999 5:26:00 PM
From: VLAD  Read Replies (1) of 23519
 
The stock has made significant moves to the upside on heavy volume and pull backs on low volume.

Often times the market makers will sell inventory or short stock just to get a feel of where the stock has solid support. Earlier I predicted a trading range of 3 1/4 to 4. I now think that the current trading range has moved up 1/4 point to 3 1/2 to 4 1/4 pending no news and no major market melt downs.

The market makers often play games with each other to feel each other out and establish the trading range. I think that we simply need to be patient and let the events unfold. With each positive announcement we will see another pop with pull backs that are not as low as the prior pull back. This is a sign of a healthy rise in stock price unlike the crazy run ups of the past (based on analyst upgrades) which always rapidly fizzled out after 2 days.
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