Anavex Life Sciences Corp (AVXL)

[GrassyKnoll]

The shorts are loaded for bear let all the cash they made in the west few months. The retail investor is scared… Of a crash. The institutional investors are playing at close to the vest as a matter of what they can do with a vigilant risk control department. Therefore we were only left with a small pool of risk seeking retail. And that Pool has had significant losses in some similar Technology investments. Add to that the extreme delays at the FDA and the extra political uncertainty of the FDA. Fortunately we have some smart management that always keeps a nice stash of cash which buoys confidence. The company has no debt. And it’s doing it’s trials of other peoples money largely. Also fortunately I believe The Australians will not wait for the FDA to approve it down there. And neither will the Europeans. The Europeans had a particular pressure of being broke and having an angry population. But it’s a long wait for the Australians if the schedule is as published and frankly I don’t have a lot of faith in the Spaniards doing things quickly. So it’s gonna be a while I’m tightening my belt for a very long ride