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

To: per strandberg who wrote (9176)	6/4/1998 7:53:00 PM
From: VLAD	Respond to of 23519

ps, Most of the price movement is effected by "institutional battle". Many of these players are hedged both long and short. Us little fish have very little control over this movement. This is why the stock is so volatile and unpredictable. I feel that the good players concentrate their positions based on perception. I should have sold when I knew about the absracts a few months before the meeting. I had the false impression that the investors knew the truth but they did not. I am sure that the GM firm took a large short position before the meeting knowing damn well that with the Viagra effect, a downgrade would tank the stock. CR crossed a 450,000 share block back in February. When Vivus was at 8 they gave an upgrade which ran us up over 14. I wonder if the upgrade was a short term stratedgy or if they bailed on those 2 high volume days? I believe that the upgrade was a long term plan and that those 450,000 shares are still held at 10.25 by whoever owns them. Understand that this whole Vivus share price deal is one big mind game and that long term everything will pan out.

To: per strandberg who wrote (9176)	6/4/1998 7:55:00 PM
From: VLAD	Read Replies (1) \| Respond to of 23519

ps, When were the figures you posted last updated.

To: per strandberg who wrote (9176)	6/4/1998 11:42:00 PM
From: VLAD	Respond to of 23519

ps, Just an observation but since the decline began 4 days ago 5.2 million shares have traded hands. Market maker churning usually accounts for 45% of the activity. If this is the case then less than 3 million shares were dumped by panicked small time investors/speculators who either were looking for a quick run up or those that simply panicked and sold. Based on your 15.9 million number this would put the percentage of individual holders selling at less than 20%. This seems logical to me that 1 in 5 individual holders bought the CNBC slant and jumped ship. The institutions are probably happy to see the little guys dump so that they can now accumulate shares at a discount and cover at a lower price which will help both their old short and new long positions.