AVAN
AVANT Immunotherapeutics (Nasdaq:AVAN)
After a good part of the day trying to fill .51 I ended up taking on a small position/nibble at .52
This stock hasn’t played nice, the last time I entered AVAN it was at 1.45 and I took a higher than normal % loss of 11% I gave it too much rope. Anyways I rolled the dice thinking this might be a possible bottom. I had mentioned this to my members a few days ago along with TRAD. At that time I suggested buying on weakness when it was IIRC at .55. Recent lows and support is at .50. Stops will be tight
The company released news this morning about listing requirement compliance. You can find the PR here
IMHO the company should have no problems transferring from GM to the CM. I’ve never seen a company get rejected but I guess anything is possible. Anyways you can see the FAQ
Risky play and playing it small.
Edit 9/6
Position closed .64 +23.07
| Stocks Mentioned In This Article | |
|---|---|
| Stock | Links |
| AVAN |  |  |  D | W |  5 | 3 | 2 | 1 | E |  N | PM | AH |  |
August 23rd, 2007 22:18
This thing did it again, another break down. I didn’t unload it. This knife shouldn’t be this sharp at these levels.
August 31st, 2007 14:40
AVANT Receives Approval to Transfer Securities to the NASDAQ Capital Market
Thursday August 30, 8:00 am ET
http://biz.yahoo.com/bw/070830/20070830005144.html?.v=1
September 6th, 2007 11:33
Position closed .64 +23.07
8 day rally, timing was off, gapped to a low of .40 would have been a 60% move. I didn’t even bother to avg down……..