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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: j glad who wrote (11183)7/8/1998 3:56:00 PM
From: Bob Trocchi  Read Replies (1) | Respond to of 18691
 
i glad...

>>Are you able to borrow any VVUS? <<

I was able to short some this morning. I did not move quickly enough thus paid 9 1/16. Nonetheless, I expect that this will drop back down again. Up until ZITL's drop, VVUS was my best short ever. Never thought I would get another chance.

Bob T.



To: j glad who wrote (11183)7/8/1998 4:36:00 PM
From: j glad  Read Replies (1) | Respond to of 18691
 

Now I know why my own estimate was so low, Dow Jones just reported that VVUS is taking a $6.5 million charge this quarter for restructuring. That is roughly 20 cents a share.



To: j glad who wrote (11183)7/8/1998 4:47:00 PM
From: Tom Hua  Read Replies (1) | Respond to of 18691
 
j.glad, I shorted VVUS at the high yesterday, just before close. Like Bob, I fully expect it to drop back to 6 in no time, perhaps as soon as Friday after they report tomorrow.

Regards,

Tom