Avid Bioservices Inc (CDMO)

[jakedogman1]

Short position

Sonic Solutions went thru this process back in the third qtr 2002. They make DVD authoring software and the space was just starting to get hot with DVD recorders replacing the VCR. Over a four month period, institutional interest increased dramatically while short interest increased. Bashers were showing up on raging bull and yahoo using the FUD MO. I was able to talk to the CEO after leaving messages for a week. He told me everything was on track and don't pay attention to the message boards. I doubled my position and made a huge profit.

I think the same thing is happening here. It doesn't take a lot of dough to push this thing around. With Godofsky upping the presentation to an oral presentation at the Liver meeting, I don't think he has bad news to deliver. Somebody wants in and they don't want to pay retail. Everytime it starts to run, it gets slammed. All IMO.