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


To: betty moyers who wrote (19703)3/13/1999 3:59:00 PM
From: Joe Reich  Read Replies (2) | Respond to of 23519
 
Thanks Betty. IQC charts, for the first time in a long time, show a fairly decisive upward momentum indication. 120 day ma pointing clearly at $4 by the end of the week. Vectorvest, which has had a firm sell on VVUS for as long as I can remember transitioned to a "Buy" early in the week, then to a hold, then back to a buy as of Friday close.

I think the exit point is gonna be more difficult to pick than the entry point. Accumulating all the way down to $2 is a no brainer. Where do I sell? $10 or $100? How big a pig should I be? In my cash account, I can buy Puts on the way up to protect my backside, but Etrade doesn't permit that in an IRA. Maybe I should transfer to Discover brokerage, where they allow buying of Puts in an IRA to protect securities you are currently holding.

Lotsa questions - not too many answers...

Regards,

Joe

BTW, do we owe you a Ferrari, too?