Anavex Life Sciences Corp (AVXL)

[Triceps22]

So many excuses here.

How about this one? People are taking profits? Lots of traders like myself bought this in July in the 3s. And have been selling positions in the high 4s. The more selling the more it drops. This stock is easy money if you know how to trade in and out, like clockwork.

Not everything is manipulation or algorithms. Some is, sure, but not all. A lot of the reason the stock price is dropping is simply the sell the news. This was undervalued at 3.50 and overvalued at 5.30. It is finding a normal groove probably in the high 3s, and from there it can start to make another leg up when the next bit of news is released in a week or two at CTAD. Or, it could collapse at CTAD with shorts piling on like last July.

I'll buy back in at 3.80 or lower, half pos, and will take another half pos at 3.25 if it gets back down there again.