Anavex Life Sciences Corp (AVXL)

[jimmy667]

Once there is partnership or licence deal and stock trades above $10 and has market cap of >1bil more funds will buy in including ETF like XBI. That would also put it in Russell 3000 and 2000 when they rebalance. Some spec funds and trading funds might already be taking position, I saw evidence of that on level II which I constantly monitor all day long. This is the only stock I babysit all day long. On completion of and passing grade at Phase III they will give it weighted allocation. Most will need coverage by Investment houses like Stiffel. Jeffries or Thalmann, but will not know until it is done as those reports will not be available to public until their paying clients are already in. This is still a risky play but with higher risk is higher reward. I believe risk to be mitigated at these levels and I expect continued volitility. I expect this stock to do extremely well on a month to month basis up until a Phase III completion which will be a binary event .