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Buyers will come back (and shorts will cover) when news is released. Game playing until then.
I think you're right. PR before the conference, then follow-through buying after the conference! Cha-ching!
If you believe Dr. M has the 12-wk results and can release at any time, what is the most likely scenario? PR before the investors' conference to generate conference buzz...or PR after the conference to enable big investors to buy in ahead of the PR?
WWMD?
Thanks, Xena. What is OBV?
Press release will likely be issued at end of next week OR the following Monday morning, prior to the conference. IMO.
If you're familiar with small biotech, nothing pops until there is news. Gotta be patient... not much longer now...
Whether one buys at 3.58, 3.62 or 4.00...doesn't mean diddly when the price will be 8, 10 or 12 within a month.
Raise your bid! :)
By my math, it's not overdue. 12 weeks from Nov 7 is approx. Feb 7.
Yes, they have. Just as the longs did nicely leading up to Nov. Now the short party will be ending soon...everyone knows it.
This hedgie short game is really getting old... desperately trying to scare longs out of their shares so they can cover and then add to their long positions. Sorry hedgies, but you're going to have to buy much higher...SOON!
They said they would present results at a conference, but it doesn't mean they can't release the data first via a PR. I hope they do.
Cheers!
If I'm not mistaken, Ms. Touey was involved in bringing Anavex to Capitol Hill.
I think it's best to ignore the noise and wait for the next positive catalyst that cause shorts to cover and send this higher. Only then should one consider lightening up.
and as Karma would have it, the day after you bail will be the day it sails! LoL!
...and I'm afraid to be out of the stock with all of the potential great catalysts looming. So I will be hesitant to sell on any good news, as another good news may be on its heels.
Or a head fake...
I'd go for that. :)
I prefer that Anavex PRs the data ahead of any conference they plan to present. Catch the shorting cartel off guard.
I'm perfectly fine with today's price action. Converted my AVXL shares in my Traditional IRA to Roth, today.
You've got to be kidding. That's the best way to swing trade and not pay taxes.
Something I'm seriously considering while the price is this low...
Convert my Traditional IRA holdings of AVXL to Roth. The tax savings could be huge. Just sharing this with the board in case there are others who have AVXL holdings in their IRA.
Price is holding up well today... :)
The short has been successful only because of the conspiracy to attack the company to drive the sp down. Driving it down this low shakes out weak hands and maximizes their returns. Short covering should accelerate the remainder of the month in anticipation of the upcoming good news. It's like the police are just watching the bank robbery happen.
Go back and do your homework. Min is $1 for delisting, not $5.
I would expect shorts to do some covering in the afternoon (before the 3-day weekend), sending this into the mid $4s.
Though often times illegal, I can live with temporary short manipulation. My real concern is if there is a bigger game in play: to ruin the company because it's a threat to AXON or other BP. Does anyone else share this concern?
At some point soon, not only will the shorts start covering, but they will also become big longs (so 2x buying); therefore, this will really shoot up on the next positive news. Just wait for it.
One would think we'll see some short covering down here, in the last hour, to push this back above $4. ???
With all the blood in the markets these days, it's reassuring to know that we're in a stock that will recover nicely (and then some) in the coming weeks and months. As George says... $14 in February! Too many catalysts forthcoming to keep this company down...and the hedgies & MMs will work as hard to push it up as they did to bring it down.
Thanks... FWIW, I submitted my report to the FBI of the illegal naked shorting activity happening to many small biotech companies. I also exposed the likes of Martin Shkreli, Adam Feuerstein, Jean Fonteneau and Melissa Davis in their activities of these scams...as well as EDGX. At least I feel better submitting the report. It's good therapy; I suggest you all do it! Nothing ventured, nothing gained!
You're being too kind.
Unfortunately, the collusive, criminal, shorting network will keep this stock on "sale" for 3 more weeks (12-wk trial results). Can only hope we'll get patent or partner news before then.
I'd like to see them PR the results prior to the conference to surprise the shorts.
Has anyone identified a potential conference where Anavex will present its 12-wk data?
Re: When is 12 week data coming?
If it's 7 weeks from 5-wk data (Nov 7), then should be soon.
If it's 12 weeks from 5-wk data, then approx. Feb 7th.
Re: I didn't realize they were given 3-50mg doses. I thought the range was 30-50mg. Is that 3mg correct? Don't recall seeing it.
If I recall correctly, 3mg-5mg were the IV dosages.
Stongly agree. This is nothing more than a last ditch effort to short and distort prior to positive news.
Doc the Hoople!