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


To: jack w garnes jr. who wrote (8113)5/16/1998 5:54:00 PM
From: bigg e  Read Replies (1) | Respond to of 23519
 
jackaroo...Okay so your in at $23. Now, based on your comments to the good doctor, money should be no object for you. Okay , now with that in mind maybe you should, (A. average down , (B. Short it. Let,s see , now if you got in at $23 that means sometime last fall one would assume. So you've missed a few trading opportunities. Double down at $10 , place a good-til-cancel sell at $20 and hope it fills the gap over $15. Sounds like you may want a stop at 9'ish also since you let $13 erode from purchase to current price. On the short side, cover with some Sept or Dec calls in the $17.50 to $20 range since the stock is fairly well beat up. Or sell covered calls and maybe make some premium while waiting for a good pop. Last but not least, maybe a man of your stature should just buy the company.