Anavex Life Sciences Corp (AVXL)

[jimmy667]

Anything below 9.14 is artificial IMVHO. I am of the assumption will will retake that relatively quickly. I do feel the Jan 15 $10 call options will be in the money by that time on no news. Any news will create a real and sustainable demand spike sending the shares up sharply. I have said before I think AVXL is wet dynamite and any little thing can explode it skyward. The fundamental reason is the science which is opposed by 3mil shares held short. 9% of the float that is a lot. Which has held the price below the $9.14 approx. equilibrium level. That 3mil shares is likely hedged by the short sellers who likely bought the 7.50 calls so they win either way and will not mind calling away those long shares after they spike the price by covering the short and then using the proceeds to go long. Thereby causing windfall profits in both long stock and long call options. We as retail or other traders do not know when they will reverse so we can only hold long on fundamentals and buy dips. Selling covered calls will likely result in the shares being called IMHO. So unless you plan to sell at 10 in jan do not sell covered calls. I think the stock is fundamentally worth multiples of even the Nov highs but understand that I must exersize patience. GLTOA honest investors and traders.