Anavex Life Sciences Corp (AVXL)

[Gator328]

I never said that removal would happen or that it would be imminent. I said that there is no guarantee that Anavex will be included in the Russell next year.

The run to $4 was predicated on the Russell addition. That isn't a sustainable feature in terms of keeping the share price afloat, as evidenced by the fact that a slight bit of negative news (offering) sent the price all the way back down and past the previous support level.

Russell is meaningless. It was fun to cheer the stock price when it was going up because firms were buying, because they had to, but what changed at Anavex that made the stock more valuable one day than the previous?

I'll wait for news that actually matters. Russell doesn't so I personally couldn't care less if Anavex stays or goes next year.