Anavex Life Sciences Corp (AVXL)

[poguemahone]

I'd be okay with it falling to a buck (or lower). I might even take a page out of Basparks playbook and buy with "both fists" if this opportunity occurs.

I think the market is trying to wipe out some of the margin accounts that had probably gotten overextended. I think some of this sell off is margin-driven, as SH are being forced to liquidate positions to settle their accounts.

I'm okay with this price--in a perverse way, it gives even more incentive for DM to get his act together and try to right the ship. I just don't want him to make a lame excuse that the market conditions are what caused our predicament. We have been heading in the wrong direction from a SH perspective for quite some time. This market condition has only accelerated the pace of the decline in AVXL.

It's time to put your money where your mouth is. I might just look to increase my position from 11K to 20K during this turmoil. I'll probably wait for some more tax selling to drive it down ever further.

C'mon, $1....