Anavex Life Sciences Corp (AVXL)

[Gator328]

Thanks Tom. I always try to call it like I see it, the good and the bad. I hate seeing the price drop too because I feel it when I look at my portfolio value, but I know that in the long run the consolidation was necessary.

The way I see it, I'd rather be at $3.80 but have a lot of shares exchange from old, weak hands to new, strong ones -- people who are in at $3.80 are more inclined to hold than people who are looking to protect profits after 4 years of being in the red -- than to be at $6 with a wobbly foundation of shareholders. When a price becomes high enough it'll turn even the most conservative investor into a day trader temporarily.

Let's see if the market can stabilize above $4. I think it might. I had a feeling the price would drop but I didn't foresee Coronavirus being the reason. Fortunately this is the sort of news event that will be quickly forgotten once everyone has time to process the severity of the situation.