"Buy the rumor, sell the news" this is the logic that I'm using to short this stock. As you can see on the chart, $AVEO has been up a tons due to the rumor that their cancer drug will get approval in Europe, the news is old and because of this news that hype the stock. I shorted this stock twice back in July because they were over-extended. I shorted $AVEO just one day before they release the approval news. I was right on track, the stock crashed when the market open but I cover it way too soon.