Anavex Life Sciences Corp (AVXL)

[rocalinda]

What was the "cause" of todays plunge?
whats the excuse this time.
some viable 'reason'....

Why the need for excuses? just reasonable reasons:
1) As your TA accurately shows, the target zones are there and do get hit, up and down.
2) Most stocks are susceptible to market swings, Dow down 370 points today. In our case, this presented a perfect opportunity for MM's to bottom fish for stop loses, the "Playdoe"- syndrome-sorry for those who follow such foolish advice for volatile, easily manipulated stocks, which we are.

I doubt that we would recover with a similar one day market upswing. What will move AVXL upward in a significant way is meaningful news about trials. Dr.M. presenting more or less the same info that the market already knows has lost its luster.

Don't misconstrue my statement above as if I am complaining or stopped believing. Au contraire, I remain long and believe in the long term value of Anavex. Hate all the complaining that goes on on this board by some who claim to be investors and are only wrongly wishing for a quick significant return. They would be better off investing in dividend paying safe heavens.

In the meantime, please continue to provide your TA which I believe benefits those who like to trade. Nothing wrong with that.

Cheers!