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


To: Sycamore who wrote (8022)5/12/1998 5:28:00 PM
From: AlienTech  Read Replies (1) | Respond to of 23519
 
It is pretty hard to say if a block is a sell or a buy. Usually what happens is the MM will take the price lower to accumulate shares, Then sell it to the fud for a slight profit, I am sure if they could take it to 9 they would have but it looked like any time they tried to go below 9 7/8 a lot of buyers came in. It could also be that there was a 75k sell and 2 35k buys which matched. It could also be that all the blocks were sells. What I dont like is the fact that some of these fuds decide to sell when the price is dropping rather than selling into strength when the price is going up. If it was a sell then some of these fuds are the stupidest people on earth I know so I would give em the benefit of the doubt and say these were buys. I doubt it though, it looked more like the ones who sold the calls for 12 1/2 and 15's were closing their books.