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Biotech / Medical : VVUS: VIVUS INC. (NASDAQ) -- Ignore unavailable to you. Want to Upgrade?


To: Acey who wrote (3148)12/9/1997 4:51:00 PM
From: Steve Childs  Respond to of 23519
 
As of December 1 roughly 30% of all outstanding shares have been shorted. November saw an increase of about 570K shares, to just over 10 million short. It will take over 6 trading days to cover this volume.

We may indeed see $18 or $19 before the move up. But when the new plant is approved, watch out. VVUS is poised for a MASSIVE short squeeze. I should have stuck to my original buy limit at $20. Didn't.
Instead I'm in at an avg of $24. But this thing should be up to $30 in no time at all.