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

To: EyeDrMike who wrote (4119)	1/2/1998 11:34:00 AM
From: LoLoLoLita	Read Replies (1) \| Respond to of 23519

RE your: "the buyers certainly aren't individuals buying 10,000 shares blocks or less" Happy New Year to you and all the other great posters here! First, I want to say that looking at the daily price-volume chart it's beginning to look like a bottom because we have BOTH the price and the volume showing a U-shaped curve, with low volume at the price bottom, and an ascending curve on both sides. If the price keeps going up with 2 million+ shares traded per day, we can all go to sleep at night happily repeating the traders mantra: "the trend is your friend." Second, looking at the MACD and OBV indicators with www.bigcharts.com, the recent low appears to be the result of a MUCH more extreme oversold condition than was present at the May 1997 low. And the subsequent rise to 40 was very steep. Third, and w. respect to your point about institutional accumulation: using the quote.com delayed "live chart" graciously made available to us from SI, I'm very surprised and heartened to see that whoever is buying is doing so in a slow and methodical fashion, with a very large number of small trades that range between 400 and 1000 shares often executed at the same price, and within seconds of each other. The reason that this is good is that the bid/ask spread is kept small (allowing us to day trade w/o too much fear), and we don't have the whip-saw action of the big NAZ trader stocks like ASND and COMS. These VVUS trades are (IMHO) not small "stock-picker investors" like most of us here. These appear to be big institutions who are "holding a bucket" under it and picking up as much as they can at the "inside" ask price without bumping up the price. The reason it's good is that if they do the buying this way, they may choose to do their selling in the same way. David