Tuesday, October 31, 2006

AVNR news out

This thing was crazy as expected. I got up all groggy pre-market only to watch it gap open in the 12s and tank like a lead balloon. I had intended to short stock at 8 ish but had to chase it down to 7s b4 I got filled 300 short shares avg 7.0. Vol crushed as expected. Resulting position shown. Covered all short stock at 4.23 avg. Unwind the original diagonal for 2.1 debit. Total loss including costs -.35

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