I still think it will make a quick move to 1.06 before heading much higher. We will see this week.
Huh? VVUS is up 15% from when I said to buy.
That is a huge move in a week by anyone's standards.
Sorry you lost again.
The gap between yesterday's close of 1.05 and today's low has not yet been filled.
It will get filled before any progress is made to the upside.
I'm already a partner in a hedge fund, if you haven't guessed by now.
Don't let my "handle" throw you off.
Soon. Trust me.
You heard right. Those who bought on Friday (and today) will have a nice profit by the end of the week.
Well, many on this board laughed at me when I was shorting in the 3's.
The stock went on to drop another 70% from those levels. When you see a very high short interest rate such as in VVUS, there is usually a good reason. Projected sales of Qsymia did not pan out as management led shareholders to belive. In any case, better days are ahead for Vivus and I would not think twice about buying shares at these levels.
Load up on shares, buy calls and sell puts.
Everything has changed, as you will see next week. I have been short VVUS shares up until today and posted just after covering my short position and going long.
I can't post here (for obvious reasons) what I expect specifically but, there will finally be some good news for beleaguered shareholders later next week.