Anavex Life Sciences Corp (AVXL)

[anders2211]

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.

No that will not happen. As you said, new money, new funds, have bought itself into Anavex and a large chunk is being held by retail. A sell-off of 1/3 of the SP level we are now at will only happen with annoying news such as delays of readout. My assumption is that 85% of ALL shareholders, especially the new ones, of Anavex will hold until after PD/RETT news. You need quite a lot of new selling powder to get the SP down under $4 again. All shareholders that have sold in the wave up did this because they wanted out at break even or sold their trading shares. Also all new SP dips, in the prelude to the news before or at mid-September, will be grasped to buy new shares. So no the SP will until RETT and PDD not sink under $4!