Anavex Life Sciences Corp (AVXL)

[Gator328]

This is a good point. Insider buying is often a positive signal but even the insiders sometimes get it wrong. If I were Dr. Missling I wouldn't buy shares either if I were given such a lucrative incentive package. Why take on additional risk? If the trials succeed and this goes to $50/share, he's going to rake in more profits than all of us combined.

I'm more interested in institutional ownership. What concerns me is that none of the really prominent funds that specialize in biotech have bought in yet. Baker Brothers, etc, the ones that are always early to the party elsewhere.

It is what it is. Not the most ideal situation for leadership to not partake with their own money but not the end of the world signal, either. As long as the data continues to be positive, what Missling does with his money shouldn't concern anyone. How much money he's making, however, is a concern that should be worrisome for investors relative to the stock's performance over the last 5 years.