back in early Nov this stock was discussed on the BLOG (not a
BPT trade idea). it ran up on drug approval. they issued their
shelf registration with stock ~4.6. the dealer owned it at 4.15.
they had 20million shares to dump with only ~3mil. traded per day.
in my mind i was looking to reposition ~$4.0. (having sold over
5.) per their press release they have hired their sales force
and expect to start sales come 2/11.this would have to be a longer
term hold
AVNR
Posted by hazbin1 on 2nd of Dec 2010 at 10:55 am
back in early Nov this stock was discussed on the BLOG (not a BPT trade idea). it ran up on drug approval. they issued their shelf registration with stock ~4.6. the dealer owned it at 4.15. they had 20million shares to dump with only ~3mil. traded per day. in my mind i was looking to reposition ~$4.0. (having sold over 5.) per their press release they have hired their sales force and expect to start sales come 2/11.this would have to be a longer term hold
any thoughts on entry?
target on this is $15....so....$4 i admit tempting to pick a few up..i was long on the announcement..remember the break was 3.45 at the time
Posted by fixdgear on 2nd of Dec 2010 at 11:01 am
AVNR
Posted by hazbin1 on 2nd of Dec 2010 at 11:09 am
appreciate that fixdgear, research shows 3 analysts projecting $10 and 1 @ 15. so far anyway. will procrastinate a little longer. thanks