Anavex Life Sciences Corp (AVXL)

[jimmy667]

Chart of 6/27 to 7/27 shows a break-out from the same level we are at now. Price run for 11 straight trading days with just a one day pause on 7/1. then run for 5 days to 7/11 to a high of $8.30. Then traded sideways for for another 10 trading days in the $7s until the 7/27 data release and subsequent dump and slam down. The difference this time is the run is starting concurrently with GOOD Data not in anticipation of data. Also this time the data is much more significant and there are more catalysts on the horizon and developments such as the Biogen tie-up. After considering our discussions here I remember how I outsmarted my self and sold a chunk at the start of the run to have to chase it for 5 days straight but just lucked out because I jumped on some other fast movers and caught AVXL when she paused on July 1. (If I had only known AVXL would have fallen back to earth in 6 weeks,,,haha would have saved me a lot of trading work)
I am thinking I do not want to mistake again and will try not to sell any before it reaches at least $6.80 then maybe just trim some options and hold all the stock long term. I am hoping fundamental developments will break the cycle of boom/bust.
I am sure I will miss some trading opportunities but the risk of getting left behind a huge rally is greater for me.
Good Luck to All Longs!
Go Anavex Life Sciences!