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


To: VLAD who wrote (21807)5/10/1999 4:19:00 PM
From: Joe Reich  Read Replies (4) | Respond to of 23519
 
Managed to squeak out a gain at the close. Very healthy trading pattern - can you imagine we're now complaining about VVUS "being held under 5 1/2"? A few months ago we were complaining about being unable to stay above $3.

If you look at the charts, we're getting nice steady appreciation in stock price - today on very nice volume, to boot. Bollinger Bands tightening up again, just like when we were trading sub $3. Probably a few more days of this consolidation, and then another 50% run on the next major announcement (PE patent/milestone payment/upgrade).

NOW is the time for extreme patience. Remember, almost no downside risk for the next two months til they walk Leland again.

Joe