Replies to post #883 on AVANIR PHARMACEUTICALS (AVNR)

[VERYLONGSTOPPEDDRINKINGTHEKOOLAID]

That's good to hear. I have both a short and long position here. I would expect without news to see it drift back towards $3, which is why I have my puts, but in case of a nice pop, I keep my long position in the stock as well. Additionally, I can trade covered calls.

Curious to your opinion, though. Do you have any specific price targets longer term? Where do you expect the stock in 3 months? 6 months? and 1-2 years?

[VERYLONGSTOPPEDDRINKINGTHEKOOLAID]

I have a sell in for 40 puts for the June $2.50's to go off at $0.40. Would represent a 100% profit since I bought them last week for $0.20.

[Whitewolf]

Thanks GdAussie...and of course we all know that rumors are just that...rumors.

Shame to see this selloff but it will be back eventually.

cheers