Anavex Life Sciences Corp (AVXL)

[Gator328]

Traders are often gamblers, yes, and most end up losing.

But there's no such thing as "investing" in a stock like AVXL either. You can do all the due diligence in the world and still be wrong about whether AVXL has anything of value to sell. AVXL is just as much of a gamble as trading is -- one could argue that it's a larger gamble because of opportunity cost.

Buy and hold investing works well for established companies with projectable revenues that any 1st year MBA can model five or ten years out. The risks with those companies are fraud, or some major macroeconomic shock.

Buy and hold may work well for AVXL, or it could end up being a complete bust.

The gamble is the same with AVXL, for now. Once it proves itself, and the risk diminishes, AVXL becomes an "investment." But it's not there yet.