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


To: DaiS who wrote (9145)6/4/1998 4:09:00 PM
From: RealMuLan  Read Replies (2) | Respond to of 23519
 
DaiS: I think it depends on whether the shorts will cover at the same time. In several previous cases, when there were good news out, that drove a lot of shorts to cover in a very short period of time, so you see a big price jump. Look at today's action, they only covered gradually because there were no news and the price went down a lot, so you never see a big jump in the price. Even if before the closing, you haven't seen a price jump like yesterday. This indicates a lot of shorts already covered, if not the most.

Of course, in case there is some real unexpected good news, the remaining shorts and momentum players can still run up the price to 10, or maybe even 15, this is a very volatile stock, just IMO.

Good luck.



To: DaiS who wrote (9145)6/4/1998 4:10:00 PM
From: Colby  Read Replies (2) | Respond to of 23519
 
Looks like today was morning weighted. VVUS had traded over 2MM shares by 11:30 EST and hasn't reached 3 MM yet. I expect to fluctuate a little bit on min to average volume due mostly to market manipulation, but nothing with much volume until some news is released. Just my 2 cents (but value it more like a 1/2 cent).

I also guess we'll find bottom soon, if we haven't already . This company with its balance sheet has another year left in it, even if it remains cashflow negative. I personally think, even if all the new was credible and intelligent (which I don't) this stock is still too low. This company, worst case scenario, sells out. It is not going to fold its cards and leave the table. I think any Pharm company would buy this thing in a hot second at 10, although it should fetch more. Time for me to go to lunch.

Another great day as a VVUS shareholder,
Colby