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

To: bob yahnke who wrote (6932)	4/13/1998 9:33:00 PM
From: david	Read Replies (2) \| Respond to of 23519

simply and directly, street believes VVUS will be killed by PFE. unfortunately, a lot of analysts hit the drums for it. d.

To: bob yahnke who wrote (6932)	4/13/1998 10:22:00 PM
From: AlienTech	Respond to of 23519

Today's Action -- 4/13 Knack60 Apr 13 1998 8:27PM EDT Whew! Not a lot happened today that could be called good. [TAOTN -- I must finally eat my words. The downtrend which I called an illusion has become a reality. You were right. Given the base we had at 10, I didn't think it was possible, but here we are.] We've gone down for 9 straight days. I'm hearing the sounds of capitulation. Finally. The end is near. I say tomorrow. How will we know? If tomorrow is the end of this sell-off, we will gap down on the open. As previously posted, we are not at an all-time low so it is possible to find support. I see strong support at 8 1/4. So what happens with an opening at 8 1/4? Short sellers tend to be traders and are realists rather than arrogant @$$e$. Now, a trader is going to look at an opening of 8 1/4 and say, things are not going to get much better for me than this for a while. Plus we have an opening gap & I know that these gaps tend to get filled. I am going to cover before anyone else. So you have shorts covering on the open. Value investors who have been waiting for this moment (the other shoe to drop) are motivated to buy the compelling value. They dream of stocks like these so they are big buyers on the open. Once we begin filling the gap back to 9, the rest snowballs. Many of the weak hands that folded fear that they have made a mistake, selling at the bottom & jump back in. But no one is selling -- everyone is buying -- so the stock ticks up madly. Now we're approaching 10. If there is just enough momentum to get us to 10 1/16 we'll have an intraday reversal. At this point, we've got some powerful short-covering ammo here. We're back over 10, we've reversed, there's huge volume and no one is selling. That could get us back to 10 1/2 or 10 7/8 easy. Then what do we have? Well, a close of 10+ means that today's sell-off was a head-fake. Tree-shaking. It would negate today's technical damage & signal that we begin a climb in anticipation of this Q's positive earnings. A close above 10 7/8 constitutes a reversal on the daily chart. If this miracle were to happen, we would not be off-base to expect 12 by this Friday. Could it happen? Well ... it's a scenario. If we don't get the big opening down gapper, then we will continue to drip down & then the technical damage will have been done on a much more long term basis. Let's all hope for the gappah.