The shorts are traders trying to make money like the rest of us, nothing really wrong with that.
We can all hope that this turns around soon for the longs.
Shares of Avanir Pharmaceuticals Inc. rose more than 1% in Thursday's trading session, extending its gains for the week. The stock closed 1.01% higher at $2.99 on Thursday and has now gained more than 7.50% in the last three sessions. Year-to-date, the stock has now gained more than 14.20%. Avanir Pharma's shares have recently broken through $2.80 resistance level, which is a bullish signal. The stock has also crossed its 50-day moving average, which further confirms the bullish trend. The stock's MACD has just crossed above the signal line.
acting against this company. The shorts have the upper hand for now. Looking forward to the day the AVNR turns it around. Very hard for long holders.
Do you know how many times this has been mentioned on this board? You are not bringing up anything new.
I am a holder of AVNR stock but do not see anything happening on price in the near future.
Sentiment: Hold
Took a small position @12.75 not the original $50,000 amount. Just a little concern.
Sentiment: Hold
Down a ton. $3.29, what gives?