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


To: Tunica Albuginea who wrote (5970)3/18/1998 4:35:00 PM
From: VLAD  Read Replies (1) | Respond to of 23519
 
Todays trading action. Looks like shorts still won't let in. Price goes up on much higher volume but then gets shorted down on relatively small volume. Total volume absolutely sucks. We need to see volumes like yesterday (better than a million) before we can see any significant move upward. The shorts will continue to short against low volume (remember they have a huge interest) but will not short against large volume players. Looking at last 5 trades of the day: 3:57 4000 shares at 11 5/16 3:57 1000 shares at 11 1/4 3:58 500 shares at 11 3/16 3:59 700 shares at 11 3/16 3:59 1000 shares at 11 3/16 last trade In short (no pun intended), we need to see some volume before any significant uptrend will occur. Otherwise we will be stuck in the 11's for God knows how long. Perhaps news on Viagra or April 8 earnings will be the catalyst to get things going. Hang in there longs, this is a marathon not the 50 yard dash. VLAD