Anavex Life Sciences Corp (AVXL)

[Fireman02360]

Hi Tom,

As I stated in my post from yesterday, I was expecting this capitulation, but was shocked at how low we went and how fast it went there. My gut feeling on Wednesday was this selling would capitulate, and I was basing that off the slow-bleed getting bigger and bigger percentage wise each day, and also the sentiment on this board (and others) was going down-hill fast. Pretty easy to forecast a day like this was coming, seen it time and time again. A lot of stock investing is human physiology. Once again, my gut steered me in the proper direction.

I managed to add 1000 @ $3.73 and another 600 @ 3.86. Not bad and Im happy with this, just wish I bought more at 3.73...thought it would drift lower,which it did but bounced pretty rapidly after LOD. I own a ton of this stock now, almost too much, but feel very strong about holding it another 3-5 years. Im glad I got to witness this as I'm leaving tomorrow @ 4:00am for a flight to BC. Hope you grabbed some man. Interested to see/hear what the charts are "telling" you moving forward

Fireman