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

To: BDR who wrote (17780)	1/14/1999 7:51:00 PM
From: John M. Gelnieau	Respond to of 23519

Dale, I'm not sure who the shorts really are. I believe most of the position is hedged by the fact that noone really believes VVUS going to zero and the short interest though down 600K is still a large problem covering. You would only run that exposure if you were able to reap the long on a squeeze IMO. As far as the covering goes I think we have seen it in how the MM has handled this stock at EOD trading for the past 2 months. VVUS trade slightly up on day and then sell off by 3/32 to 1/16 at EOD seems that they are working their collective A$$e$ off to cover. Any substantive news, like a domestic partner or earnings surprise, will probably kick off some fireworks. If there is ever a breakout I think the move to $12 will be swift.