Aurinia Pharmaceuticals Inc (AUPH)

[ScifiSailor]

Buying opportunity and thanks.

Not sure this is truly the street response. Only one trade of more than 5K (10866), which was on the open. That looks to me like a retail investor who was spooked by earnings and Glickmans retirement announcement, without looking at substance.

Lots of retail day traders react to superficial information, and don't look deeper. EPS miss mostly due to higer "paper" cash burn as value of warrants fluctuates with share price.

I also liked Glickmans announcement - it's entirely consistent with his approach with the company.

If SP drops below $5.35, will buy some more shares. I missed initial drop, so will see.

I expect to see some more institutional purchases.