Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Anaxagoras who wrote (3535)	12/12/1997 8:48:00 PM
From: Mitchell D. Wilcox	Read Replies (2) \| Respond to of 23519

To All- I've been sitting on the sidelines but Anaxagoras has woke the animal in me. First I'll recap my participation in VVUS. I bought the stock initially at about 22 and used my margin to increase my position all the way up to around 36. The day of the last earnings announcement I sat in front of my computer debating whether to take the 41 1/2 or ride it through earnings. I checked the board's temperature at the time and everybody seemed to be content with holding and so I chose to do the same. During the descent I held with confidence just knowing that it would come back until that dreaded margin call came at $30. I held until $26 after which I decided to cash out, pay my margin, and feel glad to have some money left. The humorous thing is that if I had made that incredible move and sold at 41 1/2 I'd probably be in the same position or worse today because I would have bought it back ten or twenty times since then. This has truly been an interesting experience for even the most seasoned investors, a group in which I don't include myself. I've mentioned this before but it amazes me people believe on these threads and how blind some people are to those who are truly deceptive. Anaxagoras's post struck a sore spot with me when he suggested that all new people should listen to Bradpalm because his info. is truly valuable. The first encounter with BP1 for most of us was when he joined the board by attacking every long and telling us how foolish we were to believe that MUSE worked. After a time Zebra did some DD and showed where just a short time earlier BP1 had been touting what a great product MUSE was and how his patients loved it and couldn't be happier. His explanation was that he wisened up and now understood things much better. Well, the chameleon has changed from red back to green now and his patients are all of the sudden thrilled to death now again and VVUS's future is just going to be incredible. He obviously changes his tune everytime he changes his position in the stock. I only mention this because it might have an effect on the new investor when he/she listens to BP1's "medical opinion". Be careful who you listen to. My outlook is very cloudy right now. There seem to be several things going on that just don't add up. I have no position, I would definitely not be stupid enough to be short. Has somebody said that before? Mitch