Anavex Life Sciences Corp (AVXL)

[sokol]

We have seen big down moves in the past. Look at 2015 and 2016 as examples. Actually, this down move today is smaller than previously large down moves that occurred in November 2015 and July 2016. It's too bad some longs may have panicked and sold today. It was a bit nerve racking with the way the price was moving down. It was not easy for me to do, but I bought quite a bit today with an average of $4.15 per share. I have profitably bought and sold over the years always maintaining a core position, and I now own more shares than I have ever owned. Of course, only time will tell whether I have once again made the right move. However, I do not know of any reason to be overly concerned.

For anyone interested, here's Bob Farrell's 10 rules of investing:

1. Markets tend to return to the mean over time.

2. Excesses in one direction will lead to an opposite excess in the other direction.

3. There are no new eras—excesses are never permanent.

4. Exponential rapidly rising or falling markets usually go further than you think, but they do not correct by going sideways.

5. The public buys most at the top and the least at the bottom.

6. Fear and greed are stronger than long-term resolve.

7. Markets are strongest when they are broad and weakest when they narrow to a handful of blue-chip names.

8. Bear markets have three stages: sharp down, reflexive rebound, and a drawn-out fundamental downtrend.

9. When all the experts and forecasts agree, something else is going to happen.

10. Bull markets are more fun than bear markets.