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I agree. Given Dr. Missling's background, I think he's well aware of the risk, and as one of the largest shareholders, has adequate protection in place to prevent this from happening - it's pretty much a standard procedure for publicly traded companies.
Thanks for the post, Raja! I know you're a sincere long and I have enjoyed reading your posts. You've always remained consistent.
Where's your proof, shorty???
I don't think I would blame the SEC. I suspect they're doing their best however stock manipulation is so rampant, as we just witnessed, and I don't think they can keep up with or monitor it all. However that's not to say we still shouldn't report it.
Well spoken - thanks!
I thought they already have a poison pill - preapproval from the BOD to sell xx million of shares if/when they see fit.
Very good post! Do you recall if Anavex has submitted a request for FDA Fast Track Designation? If not, I would imagine they'd have a very good chance of getting it approved after today's PR.
Agree!!! Excellent response, Raja!!!
Don't feel bad for getting more at $8.32. You'll be glad you did before long. I think we'll see green very soon, hopefully tomorrow, and it won't take much time to bounce back. What's changed since a week ago when we were over $14? Nothing - except that we received VERY GOOD news and a fantastic PR that we were all hoping for. Everyone knows the stock price has been manipulated down for numerous reasons, but with the news that we received this morning, it can't stay down forever. Even the naked shorts have to eventually cover. The price is artificially low - it's plain and simple. Don't let people like the troll, I mean frrol, get you down. I sincerely believe this is going back up very soon.
Congrats Raja - wish I could have done the same but I'm out of funds (unless I sell some AVXL, but that's NOT going to happen) LOL
I couldn't agree with you more! This whole manipulation smacks of AXON. Not sure if it's true but I heard AF is friends with the CEO.
NYC - I'm so sorry for your loss. Your son and family are in our prayers.
Yes, and the SEC is investigating social media that's being used to orchestrate short attacks. These idiots are just feeding the investigation.
Why - will you need a ride from prison?
It's not going down due to the PR! In my opinion, there's only one reason that it's being pushed down - it's being manipulated. Just watch what happens to the pps this afternoon after the shorts have covered.
We will as soon as the shorts have covered.
AF needs to cover his shorts this morning and save face, and sadly leading his followers off to slaughter in the process. Not even AF can offset this momentum, especially given the momentum is going to increase over the next few days and weeks as news gets out. Can you imagine what's going to happen when this hits the mainstream press?
Yeah, but it's not the longs that need to be careful. He needs to cover his shorts this morning and save face, and sadly leading his followers off to slaughter in the process. Not even AF can offset this momentum, especially given the momentum is going to increase over the next few days and weeks as news gets out. Can you imagine what's going to happen when this hits the mainstream press?
Bob - it's up ~30% now and the market doesn't open for another 40 minutes.
Perhaps you should take another look.
PR was just released - PM is already jumping in response.
It won't just be the longs trying to buy back in tomorrow. They'll be competing with the shorts who are trying to cover, and the tutes who were waiting for the results. May be setting up the perfect storm, and some major losses for those who don't get their shares during tomorrow's pretrading.
Yes, and we don't know who her firm is invested with - the competition? She wasn't there just for the Anavex presentation. If the firm that she works for is heavily invested in a competitor, I would not expect a glowing report from her on the Anavex presentation.
Dr. Missling knew the results, or at least the pattern, when he executed the RS and uplisting to NASDAQ. He did this to allow the tutes to buy in "after" today's presentation - not "before". This is why we will see a steady increase in the price beginning next week. Do you really think the tutes care about what the shorts are selling?
Given that Anavex sets the price when LP buys the shares, then they were selling at a huge loss if they were selling yesterday and today.
The short squeeze isn't going to happen until this afternoon when the clock runs down.
Can't agree more - based on the abstract, we know we're going to be given good news - it says so in the abstract! Regardless of what happens today, we've already been given a sneak peek as to what's going to happen on Monday. It's elementary. Can't help but feel sorry for those who are panic selling today due to what the shorts are saying.
So I see they short in Germany, too - huh?
Is "worsley" a word?
I can't agree with you more! I think those of us who are longs have already invested, and for the most part, are running out of dry powder. Therefore the shorts are getting little push back when selling their shares, however that's going to change on Monday. Not because we're going to buy more, but because the PR is going to grab a LOT of attention, and those who have been waiting on the sidelines will jump in due to the reduced risk. And let's not forget, we already have a low float (that's why it fluctuates so much), and the more buying of shares by long-term investors and tutes will only push the price back up next week. Tomorrow will probably be another roller-coaster ride however I expect us to close green just like every Friday, and this Friday's going to be special given the abstract. I expect a very good PR on Monday morning that will put everything into perspective, especially for those who bailed today due to the confusion and misinformation that was intentionally created by the shorts!
Exactly! And this is why Monday morning's PR will put everything into perspective and why the shorts will be covering by the closing bell tomorrow.
I really expect us to close green tomorrow. Not sure by how much, but still green. I also think Monday will be a very good day for those who held on to their shares. We all knew this was going to happen (i.e. the short attacks) but the shorts can read, too, and they know they have no choice but to cover tomorrow. After seeing the abstract, I'll sleep good tonight.
Although I'm looking forward to hearing what's being presented on Saturday, I think the PR will put everything into perspective on Monday and it will work it's way into the media.
Ditto - but I'm not too concerned because I know this is due to short attacks and they have to cover by 4:00 tomorrow. Grab the popcorn.
I think Friday will be a wild ride because shorts have to cover, and anybody that's still on the sidelines looking for a dip will have to buy in before the closing bell. I think it will be another yo-yo day with a rally at the end.
...and next Monday will be wilder than this Friday!
For the last several weeks, we've followed a pattern of strong Fridays, because nobody wants to be on the side-lines over the weekend. And then we've had strong Mondays due to many investors doing their DD over the weekend. And then Tues-Thurs were often red days due to the shorts and MMs. I think the drop today was due to the same pattern however this week the bulls were stronger than the bears, and we moved back up at the end of the day. Not sure what's going to happen tomorrow or Thursday, but I suspect Friday will see a drop due to many of the weak hands taking profits before the big weekend due to the "unknown", however I think Friday will still see a strong rally as we approach the close. I can't imagine anyone wanting to be on the sidelines this weekend, but again, some may choose to sell "some" of their shares during the day.
Does anyone have a good idea of the current float?
TIA
More like a Bear raid so the shorts could cover. Pure MM - hope the SEC is monitoring this.
I wouldn't be surprised to see us open at $14.