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AVXL up 23% today at the close! And still going up after hours... (and it's only Monday - can't wait till Friday
They're too busy right now talking to the margin clerks.
Just curious but is anyone else having a problem with etrade showing AVXL as a non-marginable stock? Last week, after the uplisting, it showed it was marginable, but today it shows I can't borrow on it. I called ET and they confirmed. Is anyone else having this problem?
TIA
AVXL up almost 20% in first 30 minutes.
It was up 12% in the first five minutes. Just a preview of what's going to happen between now and Friday @ 4:00.
AVXL is experiencing a big run up! Probably a preview of what's going to happen next week.
This is just a preview of what's going to happen next week.
This works great - thanks!!!
Okay, so maybe I'm confused...
...and what about all of the other potential catalysts over the next 6-12 months like getting final patent approval, potential partnership(s) for P3, massive visibility when this hits the mainstream press, etc. etc. etc. Why are you encouraging gullible people to follow your lead and lose their money by assuming a VERY high risk of shorting this stock while most people know this is only going higher?
I've got margin on etrade.
Given that the shorts are all scrambling now to cover before 4:00 should give you a good indication of what they're expecting to happen to the share price at the opening bell tomorrow morning.
I suspect it's a short attack trying to trigger the stop losses so they can cover by 4:00 today. I also think it will bounce back hard afterwards going into the close.
You really should have covered by last Friday.
I've been on this board since early April (followed JBEM from ONCS - thank you, JBEM!!!) but I don't post here very often. For those who may remember, I was one of those who was against a RS and really didn't expect the CEO to execute one anytime soon. As I said then, I've been through many RS's and they usually result in shorts driving the price down. However I failed to qualify my comments, because they can be successful if their purpose is to uplist and (VERY IMPORTANTLY) they're followed by a positive catalyst, unlike RS's that are executed for the sole purpose of dilution. With that said, given the reason for this RS and feeling very good about Nov 7, I think the CEO did the right thing for the shareholders. Yes, the price is being pushed down by the shorts, but that would have happened anyway given the lull in news.
I hear the constant bantering from the shorts on this board bragging about their "profits", but if you notice, they sound VERY insecure. I would be, too, if I knew that there was no limit to how much I could lose if only one of the very many near-term catalysts popped up during the day, or after the closing bell when I still hadn't covered. As a long-term, I'm very heavily invested in this stock (not as much as Raja, but not far from it), and I sleep VERY WELL at night. How much sleep do you think the shorts get every night? Probably not much. There are only two more weeks or LESS to play with this stock, but as longs, we have NO end date on the horizon. The shorts need to cover before Nov 6 at 4:00pm (and probably sooner) and we can take advantage of these dips to add to our portfolios. I added twice last week and again today, and I'm not talking about small lots. And I will be sleeping well this weekend. My suggestion to you longs is to ignore the silly posts by the shorts, who are probably overdosing on anti-anxiety pills, and just relax - pop some popcorn and enjoy the show over the next 2-3 weeks. And that smell of bacon sizzling in the background, it won't be bacon - it'll be the shorts (as the pigs get slaughtered.)
Ditto! I bought my core in early April, and added twice last week. Now it's time to make some popcorn and watch the show.
NASDAQ has an opening bell??
This is going to hit $10 before the opening bell. Wouldn't be surprised to see it close $11-$12 today.
Still hoping for that dip, huh? If you wait any longer to buy in, you're going to be looking at nothing but tail lights.
Yes, mine were available last Thurs or Fri.
Thanks for giving us something to laugh at! At first I thought you were serious, but it became obvious that you're only joking around because NOBODY would be dumb enough to short this stock.
Up over 5% and at $7.75 right now - you sound like you're in panic mode and your shorts are on fire. Perhaps you shouldn't have shorted late Tuesday.
I'm using etrade but I'm in the same boat. I don't think the delay is as much with the broker as it is with waiting for the transfer agent to provide the new certificates. Seems to be a common problem.
Very good point - thanks for the response. I guess time will tell.
It's all speculation, but my guess is they will issue the PR after hours on Friday. This will give the conference attendees time to read up prior to Saturday's presentation, and it will give everyone else time to digest the update over the weekend before the opening bell on Monday. Most people who work during the week do their DD for new investment opportunities over the weekend.
Not sure if anyone noticed but we're #1 again on the most read message board on ihub (~2 1/2 times more read than #2). Everyone's looking at AVXLD. I think Friday will be interesting again because I expect another pop when it's officially announced that we're on Nasdaq, which is when many institutes will be given the green light to buy. I wouldn't want to be a short when that's announced which can happen any day now, but most likely next week.
Yes, I have eTrade and I got a call from them this morning asking if there was anything that I needed. I asked them when my account would reflect the avxl shares again with the correct value (not because I want to trade them - I was just curious) and he told me it would take about 3 days when they would receive the update certificates from Anavex. He also offered to give me a special number to a trading desk that could make trades for me in the interim if I needed to, but I declined because I have no intentions on selling anytime soon.
I'm trying to follow your logic here. Why would everyone start shorting after they gain access to their shares in 3 days??? Anyone who wants to short shares can do it now because when you short, you "borrow" shares. You don't short shares that you already own.
Aren't you the clown that said we'd be down 40% at the opening bell? What a clown... LOL
You sound a little hysterical...like you just got a margin call or something.
BTW- P2B began in the Spring after the first patient completed P2A. Try to get your facts straights if you're going to bash on this MB, because most of the folks here are much wiser than someone who lost a bundle shorting AVXL yesterday.
You're HILLARIOUS!!!! For a while there, I thought you were serious!!! LOL
I don't think he's looking for advice - just a good laugh.
You're the one who's really missing the point. I'm speaking from experience and I've been through too many RS's to know that it rarely has a positive effect on the stock, even when it's followed by an uplist.
No, you're not missing a thing. I've experienced too many losses following a RS, and not to mention there is a reason why so many investors buy penny stocks - it's all about the volume. Nobody wants to see that evaporate due to a RS. Speaking for myself, I'll but 10k shares of a stock at $1.30 before I'll buy 1000 shares at $13.00. Yes, I understand they're the same value, but a $1.30 stock will run faster than a stock at $13.00. Look at AAPL if you want to see an example of what happens when and why a stock splits - it makes it more attractive to the retail investors.
Depends on where you're looking. If it's Yahoo, it will be CVM-WT. If it's eTrade, it will be cvm.ws.
Yes, I still have TNXP.
All good points. I keep reading posts where people are predicting nothing's going to happen until we get news and updates about our progress, but what they seem to forget is that we don't need updates to move the sp. While some people are trying to average down, they completely forget that it only takes ONE news story from the mainstream press to send this way up. With the news channels in Australia covering the trial, it's only a matter of time before this pops up on cable or the evening news, or on Y*hoo - assuming that it's not already on their radar. It can happen any hour or any day now with all of the attention that Anavex is already getting in the foreign press.