Anavex Life Sciences Corp (AVXL)

[frrol]

Here's some perspective: What if AVXL goes back up to 4's in August. People are then relieved and giddy for further rise.
Now consider if AVXL had only dropped a bit after Wednesday's poster, but through August it continues to drop, a slow bleed down to 4's. People would instead be 'complaining' and anxious.
Yet both scenarios had put us in the exact same spot: $4's in August. The only difference was how we got there. That is cognitive dissonance and it is irrational. And it is an avoidable position folks had put themselves in by mistakenly obsessing on the daily movement of share price of an (ostensibly) long term investment.

Investors do themselves a big favor by focusing on what is relevant: trial results and what they are showing.