What is the reason for such rise in VVUS shares for the last 10 trading days??
It makes absolutely no sense at all. All I see is bad news. Prescription hasn't taken off, they are in proxy battle. And a hedge-fund is about to take over the company?? All these don't instill confidence in anyone...
The only reason the retail investors wrongly beleive is that FM will be able to sell VVUS to BP at a good premium! Its not happening...there is no BP stupid enough to take qsymia and sell it. They kn ow it is a fundamentally flwed drug which will be difficult to sell as 11 months of sales have already proven....
BYE, the pps will be below 5 and VVUS may be preparing for Bankruptcy as they will not be able to fund the operations of expensive lawyers. How are they going to pay for expensive post marketing trials??
Will you explain the trade to me?
How do I shore up the price without being long and then short it to make it go down? If I could move the price, why wouldn't I move it in a direction that has no bound (up)?
I was only trained by one of the biggest PM's now at BlackRock. We didn't review this technique.