Anavex Life Sciences Corp (AVXL)

[Doktornolittle]

We are up 250% since just before the data / event, which was very positive. Given the market for the drug, and how low the SP was, 250% sounds pretty tame. Also consider that there was not the normal run-up to the results because you had both the Greek Crisis peaking as well as the China Stock market crash. Neither of those negatives are in the news now. Check the VIX chart and I bet you see that clearly.

That means... we already relaxed any gains that are arguable as undeserved. This isn't TPIV. It just isn't. They have a more complicated situation, with more uncertainty in their future. We have a fairly predictable, positive, medium and possibly short term future. If things start to look like TPIV tomorrow, then the illusion could be a problem. But as soon as things stabilize, and it becomes clear that the bleeding stopped, then there will be a good bounce. Tomorrow or Tuesday.

As for tomorrow. Someone was adamant that the charts showed great strength at $1.20. They sounded pretty credible. That might be all you get for a dip. And for that dip... the risk of being left in the cold is probably not worth it.