Anavex Life Sciences Corp (AVXL)

[cfoofme]

McMagyar-“why are we down”? My simplistic answer is the one I’ve used in over 30+ years of biotech/pharmaceutical investing. At least 80% of biotech ‘traders’ should never be here because they look at a drug product as just another ‘widget’, designed today, manufactured next week, and marketed week after, to make a few bucks on. Probably never took a biology/science course in their life just as many politicians failed to do-or even failed science courses.
The perfect example was yesterday with those same ‘traders’ , not investors, selling AVXL on positive news while expecting something like “FDA APPROVAL” , not understanding the approval process. All IMO.