VVUS - Vivus Inc - Page 4

IMHO I think it has a pretty good chance of getting approved. I already own some, and I feel that there's gonna be a bear raid (just like DNDN and POZN), so I want to load up some more when (if) this bear raid happens.

DNDN's fall was news-based.

Of the sources I've looked at, about 80% of them expect a positive vote from this panel...

...which is why I'm on the other side; I'll make a killing on a negative vote and will be very lucky to just break even on a positive vote.

If you feel like that is the price you are willing to pay for it and that is what it's worth to you, then I would say yes it's trade wise to you. I'm sure alot of people try to get in at bottoms, ever heard of the term catch a falling knife? If it falls hard and fast simply cause of fear and no news, then a bounce is in order. If it has something backing the drop, then I would usually wait for a confirmation of a reversal before getting in. That's my 2cents.

ha, women.

The vibe I'm getting is that it's got a really good chance of approval. I checked the short interest, 24% of the float according to the website I looked at, so it could pop pretty good on a good approval.

Check out ARNA, a competitor which is trading today. It's moved up 30+% today alone with just the VVUS thing going on.

Thanks, but I'm not interested in any biopharm/biotech not named Dendreon, and even that one I largely ignore with the exception of some swing trades. The whole sector is just too "off" for my tastes, and Dendreon is the only one I can glean any sort of insight to due to knowing some people there.

Edit: Just realized you were using an analogy, not offering an investment tip. Ah well.

where u think its headed?

Under 5, at least. I've heard anywhere from 2 to 4 by analysts...

The March '09 low was 2.72.

Look at how high ARNA and OREX rose, and how hard they fell after the vote. Huuuuuge. Well played Rowdy.

Yeah, I've followed these 3 for over a year and they will all have their day in the next 6 months. There hasn't been an obesity drug approved in over a decade so this is a huge catalyst for VVUS, ARNA, and OREX.

ARNA panel is mid-September.
OREX is October? (have to double-check that)

FDA panel has voted 9-7 against Vivus Inc.'s Qnexa
Not too bad !! The different is 2 votes !!
Will see how it drop tomorrow ??

Actually one of the panel members who voted yes...meant to vote no...so the vote has been revised 6-10 (and at that guy who probably has a PhD)...

"Not too bad" is an understatement. This is disastrous. It's gonna tank big, imo.

Hey 22rowdy. I'm just trying to learn here, so can you explain a little more why you were short on VVUS even though it seemed like their drug would get approved?

...good play

Well, I wasn't "short", I had an options strangle which basically means I was betting the stock would move big but wasn't sure on the direction (up or down).

I was bearish because of the safety concerns and the fact that this isn't a new drug, it's just 2 approved drugs used in combination. To tilt the options strangle towards my bearish sentiment, I put 3x as much money in puts as I did in calls. That way I would at least break even or come close to it, if I was wrong.

I'm convinced the only way to play these biotech binary events is with options straddles or strangles. Profit from the move regardless of direction. I'm new to this and still making mistakes, but the strategy has potential, imo.

i wonder how much will it drop tomorrow....i'll be watching this though....i already made some on this ....thank to my guts i did not buy back after i sold my position...

Resumed trading, BxA 5.01x5.25...

...and down to 4.05 already, wheee!!!

holy crap!!...

i'll have an open order of $2.5 tomorrow if it drop that low....oh nooooo....