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


To: E'Lane who wrote (7203)4/17/1998 9:58:00 AM
From: Mark A. Stang  Read Replies (2) | Respond to of 23519
 
Another Gap Down Morning.

More frustrated longs throwing in the towel this AM. Can't believe anyone would short at this level.

Does not seem related to options expiration. Open interest on 7 1/2 April calls is 20 contracts. On 7 1/2 puts open interest is 0.

I think we are seeing margin calls kicking in. Good friend of mine got a margin call yesterday, attributable to VVUS' decline this week.
Another factor could be the announcement yesterday concerning the attempted inclusion of option-holders in the class action.

I don't care it it goes to 5 today. I'm staying long. Monday starts a new week.