Anavex Life Sciences Corp (AVXL)

[sokol]

I think the stock market in general and the economy are two different things. indeed though, the economy may affect the stock market in ways that influence sentiment. The economy right now is lousy, but stocks have been rallying off March lows. What is causing this rally? Sentiment. Feelings may change on a dime, and the rally reverses. Yet, individual stocks may do well even in the decline of the stock market. Why? Because sentiment, judgment prompted by feelings, affects stocks individually. It also sways the price of tulips, gold, Cabbage Patch Dolls, guns, etc.


Why am I writing about this? Globally, all of us in this together, are focused on our health for survival. We are looking for biotech and drug companies to develop new vaccines and drugs to treat us for viral infections. We are optimistic they can do that. Otherwise, stocks like REGN, INO, and others would not be bolting upward. We are all looking for good news. Some of this hope and enthusiasm is likely rubbing off on AVXL as well, chiefly since the PDD trial mid-year news is drawing closer.


Tom, maybe this is being reflected in your charts?