To: VLAD who wrote (12843 ) 8/7/1998 12:10:00 AM From: Stephen O'Hara Read Replies (1) | Respond to of 23519
Vlad--- Thanks for the quick response. Level II costs about how much? Anyway, I had to run off to the "Porcelain Margin Call" or as they say in England, The "Lava-A-Tree" and I wanted to clarify my earlier posts. Technically, this is a very important time for VVUS, if we bounce off the 52 week low just under us, we should recover to between 7-8 very quickly (For example, look at Shiva's "SHVA" double bottom at 5 Mon & Tues this week, now its at 7) The double bottom always brings back the bottom fishers, institutions, and closes out many of the shorts. The lousy earnings report, as expected, killed the rally, let the steam out of the recovery and pushed us back to the 52 week low. I mean, let's face it... it was terrible. AND the little propaganda story on the street.com back on the 27th (there abouts) didn't do us any favors. If you didn't get a chance to read it, I'll Summarize==== Basically the company is going nowhere and the two brokers that issued strong buys are the same two characters that said the same thing last year when the stock was in the high twenties and falling fast. So, they are just trying to save their professional reputations. Hey, when the "Fat, Bald Guy From Philly" talks, people listen. I normally do. So, if we break the 52 week low, then break the all-time low, I really doubt that we can counter the psychologically damage and hold 5. So, in effect we'll break 5 and not be marginable. I DON'T THINK THAT WILL HAPPEN! IF I DID, I WOULDN"T HAVE BOUGHT THE STOCK THIS WEEK. IMHO, VVUS becomes Michael Corleone, takes care of the family business, does the double bottom and bounces to 7+, then proceeds to take-out the heads of the 5 families, puts a bullet in Moe Green's eye, takes over the Tropagalla, and we all shout, "Sorry, Carmine. You can't go to Vegas." Love Steve "The Godfather" O'Hara