Anavex Life Sciences Corp (AVXL)

[Gator328]

It's looking less likely now but I still wouldn't be surprised to see the price pushed back under $4, and consolidating around the $3.80/$3.90 level.

It appears that a fund or two may be accumulating, and a lot of Anavex's shares are held by retail holders who won't sell. I wouldn't be surprised to also discover that the number of outstanding borrowed shares has decreased as well .

At this point healthy consolidation would be a positive development. Each day we are getting closer to the Rett being data released and the more shorts that are holding a position if that data is positive, the bigger the squeeze will be.