DJ VP PALEKAR Buys 10,000 Of AVANIR PHARMACEUTICALS INC AVNR
Monday, December 17, 2012 09:16:00 PM (GMT)
SOURCE: Form 4
ISSUER: AVANIR PHARMACEUTICALS INC
SYMBOL: AVNR (CL A)
FILER: PALEKAR ROHAN
TITLE: Vice President
DATE TRANSACTION SHARES PRICE VALUE
12/13/12 Purchase 10,000 $2.46 $24,598
OWNERSHIP: 60,000 (Direct)
The Form 4 is filed with the Securities and Exchange Commission by insiders
to report transactions in their companies' shares. Open market purchases
and sales must be reported within two business days of the transaction.
The shares were purchased at 2.46 on the 13th. Not yesterday. Be careful with putting all your hopes on one inside buyer. Take a look at the history. These guys trade their own stock for small profits. If more insiders start to buy in the coming weeks then that is a sign. A singular purchase of 25K dollars is sort of a nonstarter.
Stock price is ultimately based on stock performance. Not inside buying.
This thread and others like it are very suspicious to me. Looks like blatant pumping. You never know who you are talking to on YMB...
By the way the last time I posted here I warned people not to sell the day the stock dumped. So FWIW I generally post the truth.