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AVANIR PHARMACEUTICL (AVN-R) Message Board

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  • abrevaderci abrevaderci Sep 5, 2001 9:47 PM Flag

    Is Yak helping drive price of AVN down?

    It is not the goal of institutions to have 250,000 shares by tomorrow paying from 4.00 to 8.00. but to own 2,000,000 shares by this time next year paying from 4.00 to 6.00. Then they will initiate coverage after they have all the shares they want and let the retail buyers push the price from 6.00 to 60.00. The institutions will buy 2,000 to 5,000 shares a day in 200 to 500 lot buys so as not to push the price. at 5,000 shares a day thats 25,000 a week or 100,000 a month. You do the math. when the price spikes they may pick up a 100,000 shares at the close then sell 20,000 at the open to break it back down.JMHO

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