Anavex Life Sciences Corp (AVXL)

[wildcard235]

SLB Rates indicate a recent decline in shorting, reducing incentive to push the price down.

If the market starts correcting on Monday, I'll bet the MMs will use that opportunity to push AVXL down even further.

Below, the "Stock Loan Borrow" Rate is the annualized interest rate charged by Interactive Brokers for borrowing shares to sell short and hold a short position open. IB is the brokerage most funds use, and their services are used by most retail brokerages to some extent.

Note the sharp increase in SLB in the weeks of 20June2016 to 27June2016. The candlesticks for the past 2 weeks are almost identical to the candlesticks of weeks 20June2016 and 27June2016, but the SLB rates the past 2 weeks has gone down significantly, not up. Two weeks ago, people predicted a Golden Cross, the first ever for AVXL, at least since it has been listed on NASDAQ. It came, the PPS has continued up while the SLB rate has continued down. No stock only goes up, but if a manipulated push-down were being planned, I would expect to see the SLB reflect an increase in demand for shares to short relative to the supply.



Here is the left side of the chart going back to the NASDAQ uplisting, which I couldn't figure out how to include in the one above. The left side of the chart above looks like a flat, relatively low SLB during a PPS crash, but in the chart below, it shows that was just the aftermath of the even bigger crash/push down, after which the big shorts apparently took their profits.



My brain is working a little better at the moment, I think. I figured out how to put a chart in here!