Anavex Life Sciences Corp (AVXL)

[Gator328]

Stock price is inching back to the target area I predicted a few weeks ago, around $3.80 - $4.00.

$3.80 is a crucial level of support. Staying above $4 would be even better but even if this dips below $3.80, the price doesn't reflect the probability of success. It only reflects the perception of that probability.

I would imagine that if anyone wanted to short Anavex they'd be doing it now, so it's the waiting game until the next bit of news that confirms the forward progress.

Those $10 October options look tempting. Not sure what the premiums are going for today but it seems worth a gamble if you think confirming Rett data will be revealed by then.