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

To: blankmind who wrote (3916)	12/19/1997 5:51:00 PM
From: RT	Respond to of 23519

Blankmind, I see 340,000 shares being sold by insiders since 7/98. Do you consider that massive? RT

To: blankmind who wrote (3916)	12/19/1997 7:19:00 PM
From: Gary Strike	Read Replies (1) \| Respond to of 23519

WASH SALES: Just another factor in the timing of management's recent announcement and the current stock price. Can we say that part of the recent selloff was overdone? Given that, those who sold on the way down may be reluctant to buy back in until January due to the Wash Sale rule in order to retain the tax loss deduction for 1987. From J. K. Lasser's "Your Income Tax": "The objective of the wash-sale rule is to disallow a loss deduction where you recover your market position in a security within a short period of time after the sale. Under the wash-sale rule, your loss deduction is barred if within 30 days of the sale you buy substantially identical stock or securities, or a "put" or "call " option on such securities. " If I had recently sold at a loss, and now believed that was a mistake, I have to wonder how long I would wait to buy back..as the stock continues to inch back up. Of course, that depends on individual tax circumstances. If the recent announcement had come earlier in the calander year, the stock may have recovered more by now. Oh, by the way, the wash sale rule does not apply to gains. (That would be too fair).