Another detail to consider on your new Roth IRA:
Based on my experience at Fidelity from a few months ago when helping a relative, shares from a taxable account cannot be directly transferred to a Roth IRA. This is different if the current shares are in a traditional IRA.

Also, if you don't have cash available to move, you have to wait for funds to settle before moving the AVXL proceeds to the Roth. So, step 1 is to get the Roth IRA acct open, even if it's not funded right away. Step 2 is to move available cash to the new Roth so you're ready when AVXL drops to a price where you're willing to buy. Otherwise, knowing how AVXL price moves drastically both directions, you could be caught in a spot where you don't want to be before the funds are available in the Roth acct.

Regarding advantages of taxable acct vs Roth acct:
There may be some in certain situations. In a taxable acct you may want to harvest some capital losses, so having a profitable stock, like Anavex (AVXL) in a taxable acct could definitely help if you're willing to sell some in the same year. Some shares with gains could then be sold with no taxation when offsetting the losses.

Another possible consideration is your estate plan. Possibly most IRA acct holders will have a specified beneficiary(ies) which takes precedence over the beneficiaries stated in a trust or a will, generally speaking.

To learn more on this topic you might seriously consider viewing some YouTube videos by Mark J Kohler by searching Roth or Roth Sweet Spot. With the assets of many board members here, it is likely many can save thousands of $ by paying a few 100 to a good tax planning professional. I am not a professional in this area, but do meet with one at least annually.

Yes,Tom Bishop of BIResearch is how I learned about Anavex, and some other very good winners. Of course, just like a great football quarterback, there have been some interceptions and fumbles along the way. Still winning though!!!

Great explanation Falconer!!! Very helpful for someone like me, not having a lot of medical knowledge.

Raja thanks for organizing all of that information for us to read!

Thank you Xena

Raja, thanks for your input. Several years ago I would write covered calls occasionally on different holdings. I may consider that in the future for some of my AVXL. For me personally, I'd probably do that if the price ever becomes stable. With all that Anavex has in the pipeline, it may be a few years before good news quits coming out that causes price jumps. Also, I sure wouldn't want covered calls when a buyout offer hits the news!!!

Thanks Wildcard!

Thank You Jager

Will someone explain this to me or recommend a source where I might educate myself? Since for every buyer there's a seller, where do these huge end-of-day block trades come from without moving the price tremendously?

By the way, since just after I retired in 2015 I also have been in AVXL long term, mostly investing because I've never taken the time to learn much about short-term trading, with success. I'd like to though if I ever take time to learn more and devote the necessary time to trading. My first purchase was after reading about AVXL in BI Research, which has kept me faithful in Anavex, and buying more on many of the dips. My total purchases add up to an over-weighted position in this one stock, even if only looking at my average cost basis of under $4.00. Like some of you, my current value is now more than 6 times larger than my cost. A little Scary!!!

Probably once a month or so, I come to this message board for more encouragement to stay long, reading a couple of hundred posts by you long term holders.

It took 5 executions to fill my buy order of 600 shares @$4.47, with 3 executions at only 5 shares each, over a period of 12 minutes around 12:30 today. Another account at similar time priced a penny less took 3 executions with the first execution only letting me have 1 share!

I haven't lost hope in AVXL; just staying at and above my self-imposed limit of what percentage of my portfolio to allocate to this one speculative stock that so many of us have high hopes in. Will definitely buy more if (when) it gets under $4.00. However, I hope the price goes up enough to take some trading profits before that happens. Most of my shares are LONG!

IRONIC: Kentucky Coal Museum turns to solar panels to Save Money

https://arstechnica.com/business/2017/04/kentucky-coal-museum-is-installing-solar-panels-on-its-roof/

Someone may have already posted this and I could have overlooked it. Here's the text of the article from the above link.

In what it says is a cost-saving move, the Kentucky Coal Museum is moving to solar power, according to the Associated Press. The museum is having 80 solar panels installed, which it expects will cut $8,000 off its annual electricity bill. The Courier-Journal writes that the museum currently spends $2,100 a month on electricity.

The move seems prophetic at a time when tension between the highly polluting coal industry and renewable energy industry is high. Over the past several years, the coal industry struggled to compete with low natural gas prices, as well as plummeting costs of solar and wind energy. The Trump administration has promised to roll back regulations on the coal industry, but that’s not likely to be enough to completely counteract the economic pressures that are making coal relatively expensive to produce and burn.

The Kentucky Coal Museum is owned by Southeastern Kentucky Community and Technical College, which is paying for the solar panels. In an interview with local news station WYMT, the school’s communications director, Brandon Robinson, said “it is a little ironic, but you know coal and solar and all the different energy sources work hand in hand. And you know, of course, coal is still king around here.”

The Benham, Kentucky, museum is central to some of the most important coal mines in the US past and present. The museum contains a “state of the art underground coal mine” exhibit, which you can see by appointment, as well as a two-ton block of coal next to which visitors can have their picture taken. There are exhibits about early coal mining tools as well as a photography collection documenting the history of mining in the area. The third floor of the museum houses a portion of the personal music collection of country music singer Loretta Lynn, who sang “The Coal Miner’s Daughter.”

The owner of Bluegrass Solar, the company contracted to install the solar panels on the museum, told the Courier-Journal that he was as surprised as anyone when the school that owns the museum called him to talk about putting in solar panels. “Really the first time that I sat down and was talking about it with everybody, I was like... are you for real?” owner Tre Sexton said. “They’re really going to go for this?”

But Sexton added that electricity cost is always a major factor for large buildings without a huge revenue stream. “It’s like, 'This might be coal country, but I cannot afford $600 a month.' And that’s for a home," Sexton told the Courier-Journal. "If it’s a business, God be with them, [the bills are] in the thousands.”

The solar installation on the coal museum will generate 60 kW of power at maximum capacity once it’s fully installed.

I'm curious as to the logic that could be the motivation for any individual to constantly post negative things about a company on a message board such as this one. I'm serious. I don't spend much time on message boards since I have other priorities in my life that keep me too busy. I do wish I had more time though because I like to read the thoughts of other people who are possibly interested in the same companies I am. I do appreciate reading different points of view, but I honestly have been unable to figure out any sensible reason for constant negative remarks by posters who seem to have zero interest in a company. Can anyone enlighten me? I prefer to read messages from all posters, but I've discovered it to be unwise use of my time to even look at messages posted by certain individuals. I've come up with many potential reasons, but so far none of them make sense to me.

Thanks Raznic for reminding us of Post 41745. I remembered many of those details from reading it over 2 years ago, so it was good to read the entire message again.

My memory amazes me. Four months after that post in 2015, I had a massive heart attack the week after I retired, then spent the next 3 weeks in a coma, and came to my senses about 2 - 3 weeks after that from all of the drugs they had me on. I have no memory of those 5 or 6 weeks. My family was told I wouldn't make it, but if by chance I did, I'd be a vegetable the rest of my life. I'm good now though; back to normal if not better than average for someone my age. Oh well, I'm ranting now.

Thanks Raznic.

EXPLANATION REGARDING THE CELL

First, thanks to all of you who have expressed your appreciation for my comments about the shareholder meeting. I appreciate all of the comments I have read over the years from you long-term shareholders also.

I wish I had recorded the meeting or at least taken notes, but I didn't, so I'll do my best to recap the explanation given by Jim Nelson.

The manufacturing of solar cells by Sunworks would be something more complex than is practical for the company to do. I think he said they "discovered" the manufacturing business would be too complex.

They feel very comfortable with the segment of the industry they are specializing in, sales & installation, and providing a great customer experience that they can back with a 25 year guarantee.

Also he discussed they've learned it would be too costly to manufacture these unique solar panels since the cost of other solar panels continues to drop. The cost difference for the more efficient panels would prevent them from being cost effective, and especially if their panels are not manufactured in a quantity that is large enough to keep the cost reasonable.

If the cost effectiveness for their more efficient panel becomes practical in the future for a manufacturing company to produce them in the quantity needed, they would like to license it to them.

By the way, after the meeting in one of my discussions I was told SUNW is gaining market share, and at least one other competitor is in bankruptcy, which apparently is partially a result of the wet winter season.

Don't quote me on any exact phrases, but during the presentation, the financial condition of SUNW is something they feel very good with.

I didn't see any thing at the headquarters that made me feel they are spending wastefully, or being extravagant. They appear to be financially conservative, yet efficient with the office and warehouse areas.

Several months ago on a typical weekday I made a visit to the same building to see their showroom, and had the same impression.

ATTENDED SHAREHOLDER MEETING TODAY. I rarely post, but I've been a shareholder pre-Nasdaq & pre-reverse split. Since I live just a half hour from Sunworks headquarters I went to the annual shareholders meeting today. I was quite surprised I was the only shareholder present who was not an employee.

I asked about "the cell". A thorough explanation was given as to why it isn't practical or cost-effective at this time to manufacture it. Possibly the patent, being an asset, will eventually be licensed to someone else if it becomes cost-effective in the future for someone to manufacture it.

This quarter is expected to be profitable, or very close to profitable. The following quarter is definitely expected to be profitable. Abe talked to me just prior to the official meeting and talked confidently about returning to profitability very soon.

I got to visit with Chuck, Jim, Abe, & Rhone, plus a few of the employees. There were a few dozen employee shareholders present, but none who work in the field, because they were all out on jobs. Everyone was very friendly. Jim went out of his way to talk to me about 4 different times, and as I was leaving he came up to me and said if I ever have a question, feel free to call, and I could ask for him personally any time.

All of the employees I met had positive things to say regarding what a great company this is, and how everyone works as a team. I met one person who started working there a month ago, and another who began 3 months ago. The company is obviously growing, and is anxious to turn the current backlog into revenue now that the weather is changing. Something I heard from a rather new employee makes me think more geographical expansion beyond California can be expected in the not-to-distant future.

Even though my SUNW holdings have caused poor portfolio performance for me, I came away from this meeting even more enthused that long-term shareholders will eventually be well-rewarded. Not that I have doubted that in the past.

Thanks Wildcard235 for continuing to post the charts along with the explanation. I appreciate getting to see these regularly.

Thanks for the reply Amateur17

Looks like I found the answer in the Noble Research Report on Page 10.

4. Upcoming Milestones

1H17: ANAVEX 2-73 (Alzheimer's disease) Phase 2a PK/PD data

1H17: ANAVEX 2-73 (Rett Syndrome) IND filing

1H17: ANAVEX 2-73 (Rett Syndrome) Phase 2 study initiation

1H17: ANAVEX 2-73 Parkinson's disease IND filing

Mid-2017: ANAVEX 2-73 (Alzheimer's disease) Phase 2/3 study initiation

2018: ANAVEX 2-73 (Alzheimer's disease) Phase 2/3 data

Thanks Eagle8. Not much chance Anavex will make any progress this year. LOL

It seems I read somewhere that the Phase 2/3 trial for A2-73 will begin in early 2017. Am I imagining things, or was that someone speculating it MIGHT happen?

Long AVXL

Is there a post or source providing a concise summary showing a timeline of planned or potential 2017 events including tests or trials for Anavex drugs?

Even though I'm long and confident with AVXL, I thought I'd pass along this info, even though it doesn't change my outlook. The analyst from Noble who wrote the 53 page report earlier this month is rated # 3,592 out of 4,498 Tip Ranks analysts. If you copied Kumaraguru Raja's ratings since 2014 and opened each position for the duration of 1 Year:

63% of your transactions would have been profitable with an average return of -5.5%.

I realize that's just a snapshot in time, but it's what's documented at https://www.tipranks.com/analysts/kumaraguru-raja?ref=SA_WIDGET2

Obviously I'm not a regular poster here, and don't read the messages daily, even though occasionally I'll read every post for a week or so, especially when I'm looking for reasons to rebuild my confidence in the company. I appreciate all of the facts and logic (and emotions) that so many of you provide.

Personally I remain invested in AVXL with such a large percentage of my IRA I don't dare buy any more shares, even though I'm often tempted to do so. I bought my first shares not too long after Anavex was listed on the Nasdaq.

In reply to your comment Leo,

{i} Not quite sure (I don't follow your other stock) what you perceive
you gained if you converted Traditional to Roth AFTER a significant gain. {/i}

I would have converted much sooner if I had the idea sooner. But even though the stock tripled for me in under a year, and was more than a 10-bagger for longer term investors, I still remain confident the stock has much more potential in the coming years and could become a 10-bagger for me. If I change my mind, I still have time to re-characterize, or sell it and invest in or trade another stock. However, so far, everything is looking positive for me and for NVDA.

I appreciate your comment, and I can understand why it may have appeared to be a stupid move on my part, without the full story. Hopefully it proves to be a wise decision, albeit a little late.

Just like AVXL, I just converted some of my shares into a ROTH today, even though I'm up significantly, even with the price drop today. I still have reasons to believe this will be more than a 10-bagger over a certain (unknown) period of time, even though I'm up well over 50% on my average costs

Congratulations on your timely IRA conversion basparks. Last year I had my most confidence in NVDA in my IRA holdings, so I converted it last year, which was my first full year in retirement. This was in December after it had tripled for me during the year and it finally dawned on me, why not pay some taxes now to have tax free withdrawals on this potentially huge winner later. Now, my most confidence is with AVXL, so I converted some of my shares to a ROTH today. I have a core position which I plan to hold many years, and I also do a little bit of swing trading for occasional chances to buy extra shares with the same dollar amounts on price drops. I'm pretty much an amateur, but still know enough to make a little bit of money, mostly in my IRA accounts.

Is that a serious question? If so, I'll still have some cash that will get transferred to my brokerage account to take advantage of lower prices as if going to a "Black Friday" sale, with shopping list ready, maybe even more AVXL. If you're referring specifically to the IRA conversion, I have until the tax due date of the following year to change my mind and "recharacterize" the conversion back to the Traditional IRA, if I don't want to pay taxes on the conversion for 2016 and take advantage of a lower price and convert it later.

This decision is bigger than when to buy more.
After getting more & more convinced of the huge long term profit potential with AVXL I've decided to convert some of my Traditional IRA shares to a ROTH IRA. By doing this, if I wait 5 years before withdrawing from the ROTH, all of the profits will be tax free. So, if a million bucks is in a ROTH, rather than regular IRA, I could wind up with a few $100,000 extra savings in taxes. I'm just trying to figure out how low this stock will go for my "BUY" price, which is actually for me, the "IRA CONVERSION" price. I was told by Fidelity, the end of day price is used on the day of conversion.

Thank you, ven69

Rubyred77, how do I find that kind of information, for AVXL and other companies? Thanks in advance.

Quote:
I tweeted a complaint to https://twitter.com/WarrenBuffett anyway....

Good, I hope it gets Warren's attention.

"anything that impacts Berkshire’s reputation"... Um... a little bit here don't ya think?

My thoughts exactly.

It's obvious from a few posts on this board, his reputation is being impacted.

Regarding Warren Buffet's potential involvement in the Nevada issues, I doubt he is involved. The following is a link to the quotes below it.

https://www.gsb.stanford.edu/insights/what-it-be-owned-warren-buffett

Stanford Graduate School of Business professor David F. Larcker and Stanford GSB researcher Brian Tayan surveyed approximately 80 Berkshire subsidiary CEOs to determine how Buffett’s acquisition and management style translates on the ground. ...

What Is It Like to Be Owned by Warren Buffett?
A new survey reveals Berkshire’s management style. ...

According to the survey, Buffett lives up to his “delegation just short of abdication” style. The CEOs provide monthly financial statements to headquarters, but they have infrequent contact with Buffett. Most report having phone calls with him on a monthly or quarterly basis. None have a pre-established schedule, and all said they initiate the communication themselves.

Buffett is also unlikely to get involved in the affairs of their companies, the CEOs noted. They would handle independently issues like labor disruptions, supply-chain issues, legal action against the company, or modest declines in sales. What would bring Buffett to the phone: anything that impacts Berkshire’s reputation or a severe restatement of previously reported financial results, respondents said. One CEO noted, “No one gives a company this kind of freedom.”

rab74, I'm terrible at predicting short term price changes in stocks. Could you enlighten me on your successful methods? I'm a long term investor for the most part.

A few weeks ago when SLTD went through a reverse split and again when they uplisted to the NASDAQ all of us on the SLTD board went through the same issues of being unable to trade the stock. We had the issue for more than a day. Most of us didn't really care since it seems to be such a good company for a long term hold. I feel the same way about NVIV.

Thanks a lot for providing the info promptly.

The "No Cell Deal" in the near future reminds me of a prior experience.

I once took a job, and a month later my boss asked me how I liked working for the company. I said, "If I had known in advance what the job was going to be, I never would have considered coming to work here. But now that I'm here, I love it!"

That's how I feel about SLTD. If I had known in advance I was buying part ownership in an installation company (instead of a solar panel manufacturing company with the most advanced technology and efficiency) I never would have looked into the company. But now that I'm here, I love it!!!

If that report is accurate, SLTD is ready to climb!

Very interesting read Nome44

http://futures.tradingcharts.com/news/futures/Solar3D__SLTD__is_Undervalued_With_Short_Term_Bullish_Patterns_and_Pending_Short_Squeeze__230189838.html

March 23 ... www.wealthmakers.com , a Wall Street research and trading firm providing unbiased statistical stock market predictions to empower investors, securities professionals and public company employees to make precise, predictive and profitable trading decisions, has initiated coverage today on Solar3D (NASDAQ: SLTD). The report highlights the short term bullish pattern that has emerged, the SqueezeTrigger Price of $3.48 and the projected short squeeze valuation of $10.00 per share.

Short Interest Information May Be Found At This Site

http://www.nasdaqtrader.com/trader.aspx?id=shortintpubsch

Partial Quote from above Link: "...Short positions are those resulting from short sales. Each FINRA member firm is required to report its “total” short interest positions in all customer and proprietary accounts in NASDAQ-listed securities twice a month. These reports are used to calculate short interest in NASDAQ stocks..."

The same web page indicates the next publication date of the short interest is tomorrow, 3/24/15 after 4 pm Eastern Time.

LOL ... for those who are curious, check it out at DaveRamsey.com

Sounds like something Dave Ramsey would say ;)

There is some flexibility in the accounting as long as they are consistent. Typically if an installation is considered 25% complete at the end of the reporting period, 25% of expenses and 25% of revenue may be recorded. At completion, all revenue does not have to be recorded because a reserve may be kept on the books to account for future warranty or service. An aggressive accounting method, wanting to show profit sooner, would allocate fewer funds for these future potential expenses. I've been reading a book titled "Financial Statements" by Thomas R. Ittelson so I can learn more about evaluating company financials.

Not interested in selling Solar3D anytime soon! However, I was tempted to sell some a couple of days ago to profit enough to have my remaining shares be "FREE". I did sell some of my shares 6 months ago after doubling my money, but then kicked myself and bought at a penny higher a few days later after I woke up and remembered why I want to have MORE ownership of this company, not less!

Now I'm reading Jason Zweig's book, "Your Money & Your Brain" so I can try to recognize ahead of time the irrational decisions based on emotions, rather than my original plan.