Anavex Life Sciences Corp (AVXL)

[TWilson07]

Good points for the broader market but does not apply to Anavex several months out to long term. No reason to sell AVXL at this point. People who were going to sell should of much higher or earlier. I would say yes to selling majority of the market though for now. Unless AVXL is going to be delisted or bankrupt after a few months (which they won’t), then they will survive until data and thrive should it be good to great. Read outs will come in a few months, delayed yes maybe but they won’t be shelved until next year no matter what is going on with the virus or economy. Nobody knows a time line for anything so there is no way longs here are going to sell now after holding many years over a virus scare when potential news is imminent the next few months. We have already seen $1.25 very recently. Some sold then but many added. There will be a repeat of that should we get there if not more buying than the first go round seeing that we are a year closer to the read outs.