Anavex Life Sciences Corp (AVXL)

[JPG77]

AVXL has closed higher every month this year, EVERY MONTH so far

Bud, I agree with the bounce but not sure if it will go that high by the end of the month. People are still dazed by the sudden drop but reality tells us the drop can't go on forever. We saw a LOT of resistance today, and for the most part of today, the bulls were in control. There's very little incentive for the shorts to hang around here much longer when there are other targets that provide much more opportunities, especially now that this stock price has dropped so much. And the lower this goes, the more shorts are exposed to an increasing level of RISK due to the bounce that will inevitably happen, or some unexpected positive news or mainstream press which can happen ANY DAY now. You gotta remember, the most they can make is 100% shorting this stock, but if unexpected news hits, they're loss is unlimited - 100, 200, 300, 400%+. And they have to pay interest on the shares that they've borrowed - sooner or later it becomes a losing position for them. And based on how juvenile many of their posts are, I'd guess most of them can't afford a major loss.