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


To: VLAD who wrote (6950)4/14/1998 12:53:00 AM
From: AlienTech  Read Replies (2) | Respond to of 23519
 
>>To all those paranoid about vivus breaking the 9 5/8 support level:<<

I think it has to do more with for those of us who are using margin. We have to do something, Maybe write calls on our positions to keep the MG (margin guy) away, or sell something else to keep up the margin. Its never prudent to not do anything and hope things work out. Better to loose some money than all of it like some of my friends found out. The sep 7 1/2's sounds good but not at these levels, Its better to ride out the storm even if it does go to 8 since the rebound should be pretty sharp once the fud finishes their sell. I figure they sold around 2 mil shares in the last week so it should be a pretty large one. usually fud's sell out pretty quick, never seen a slow bleeding one, maybe they are really pissed off at VVUS and want to show them a good time, loosing 50% or 60% to them I dont makes much difference at this point.