Echo Trade UPDATE – AVIR

AVIR is a biotech, they had some antiviral phase 2 trial failure news that came out today and the stock is down 65%.  My calls are worth $0.02 now and will cost more to close than the value I can salvage.  I plan to keep holding for now.  If you are in shares you need to make your own decision.  The company says they are pivoting to an alternate drug now.  This kind of news is one of the only ones that trumps the technical patterns.  We can talk about AVIR more tomorrow during the live session.

 

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