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Strategies & Market Trends : Charts With An Attitude; Trading In & Out -- Ignore unavailable to you. Want to Upgrade?

To: OldHack who wrote (4283)	12/10/1997 6:44:00 AM
From: Linda Kaplan	Respond to of 4701

OH, You were really smart to use the stop loss on VVUS, though! The physicians in the VVUS thread claim the competing drug doesn't do the same thing and won't help most of the population that VVUS will help. But the perception of the marketplace is that the competing drug is superior, because the delivery system is superior. The competing drug isn't even approved, so it could be a long time before the people saying that VVUS sales will be enhanced by the competing product will have proof of their claims. I decided to AIM VVUS, which turns it into a long term investment, and that could have been a mistake, since it's done nothing but go down. I have been successful in such situations with out-of-favor stocks in the past, however. It requires patience and capital, because you have to keep averaging down. I don't have much patience, but I can pretend, and I don't have much capital -- but I keep hoping I'll be able to liberate more soon. The really worst thing about VVUS for me is that I sunk a lot of money into December calls and I'm going to lose all of that money. That has been making me sick. I think I'll be much more careful about buying options in the future. Let me know what your research uncovers and also if you find something good for refinishing. What's an MJ? It sounds like I need one. Linda