Avanex Slips on Cautious Outlook

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tommyhar 12/4/2012 | 8:59:33 PM

re: Avanex Slips on Cautious Outlook Isn't this a slam dunk buy as a result of today's
downdraft ?

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nsklikas 12/4/2012 | 8:59:30 PM

re: Avanex Slips on Cautious Outlook Absolutely! I think today was a tribute to the idiocy of wall streets ability to look no further than the ends of their nose.

Cautious outlook...is that why the stock is down from $270!...IDIOTS!

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Scott Raynovich 12/4/2012 | 8:59:10 PM

re: Avanex Slips on Cautious Outlook Avanex still showing weakness. Are investors being naive, or did they really expect guidance to be increased?

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Bob Sugar 12/4/2012 | 8:59:00 PM

re: Avanex Slips on Cautious Outlook Retail investors didn't care about guidance being revised, IMHO. Think price fell from a combination of "buy the hype, sell the news" and short sellers tempted by a stock that's had an explosive week. If anything, I think the retail investors are looking to jump in and buy more in the 50s ....

One funny thing though - some cowboy sold a *shitload* of Feb 85 calls on Wednesday while AVNX was in the upper 70s. On Monday and Tuesday, there was open interest of only about 300 - now there are 2,000+ floating around. Dude probably wrote them when the premium was like 8 or 9 on Wednesday, now it's down to ~2 and he's probably sitting on a big mound of cash ......

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