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

To: Linda Kaplan who wrote (3169)	12/10/1997 9:27:00 AM
From: DDS-OMS	Read Replies (1) \| Respond to of 23519

Linda, Time to develop a strategy to deal with this. Is now 12 bid, 11 3/4 asked and has traded 1 MM in after-market. Question is at what point shorts will be covering---and when longs will respond to margin calls. Will be enormous volume today, with probably the low at open or shortly after. Will it recover some with shorts covering, or will longs panic and sell at the low on margin calls--driving it lower. Even with 3 days to cover, many longs will sell immediately to avoid possible further loss. I GUESS that the low will occur this morning, but not on opening. At any sign of slowdown of fall, shorts will start covering and the price will quickly reverse a couple of bucks at least. Since there will be constant selling pressure for 3 days as result of margin calls, doubt if will see significant recovery during this time. Best point to average down--when trading stalls downward fall and starts to reverse. Best time to sell when short covering rally fades. Any other opinions to consider out there?