Stock-AVII-AVI Biopharma - Best Day Trading Stock

AVI Biopharma, Inc. (AVII) is a smallish biopharmaceutical company that is involved in the discovery and development of therapeutic products based on antisense and cancer immunotherapy technology. In April, with the swine flu scare, the price of the stock jumped from $.73 per share at the opening on Friday April 24th, to $1.21 in early trading on the following Monday. The stock quickly faded back to its pre-swine flu levels. However, since then, the price has been steadily climbing as the company has several initiatives it is working on other than swine flu. The price is channeling between $.97 and $1.05. There have been some very large blocks of shares purchased as of late as there is an expectation that there will be news announced in the near-term and this stock should go much higher. In particular, there is an expectation that the company may be announcing something soon,perhaps in connection with the Ebola virus. The stock is subject to daily swings. It seems to regularly open high, then fade during the course of the day. On some days it rises again late trading. My recommendation is to buy on dips.