Anavex Life Sciences Corp (AVXL)

[XenaLives]

Unfortunately the "people with money" who are paying attention to stock price are hedge funds and institutions who make enough money off of manipulation to satisfy their blood lust.

I expect more institutions will be trying to get into this stock in the next six months, hopefully at higher prices and by purchasing directly from the company via Cantor.

Retail is not letting go, IMO. Current trading levels are easily sustained by wash trading off of short positions. We saw what happened to stock price when Park West took a 5% position. We also saw what happens when size is available from institutions exiting due to AVXL's being dropped from the Russell. In both cases the price went up.

I suspect Cantor has not announced coverage because they are holding it for a price pump and sales into the market.

I am not concerned about the stock price at this point.