Anavex Life Sciences Corp (AVXL)

[sokol]

You are correct. I checked both the daily and weekly charts. In July 2016 (July 27, 2016) as an example when we had a big down move (larger than this down move yesterday, July 21), we had news that was interpreted as negative and greater volume. Yesterday's move down occurred with no news and lower volume than previous big down moves. The daily down move yesterday went from a low of 3.63 to close at 4.21, almost 50% up from the low of the day. Perhaps yesterday's selling lacks the conviction of previous larger down moves that happened in November 2015 and July 2016. We will have to see if there is follow through selling. However, I do not know of any reason to sell. Might there be some negative news passed on by insiders that we do not know yet? From all that I/we know, it seems that the latter is not likely. It seems more likely that someone took advantage of the long lapse in no news to drive the share price down.