Anavex Life Sciences Corp (AVXL)

[Gator328]

I get what you are saying but I don't think you get what I was saying.

Yes this conference was virtual but in years past, Dr. Missling has attended probably a dozen of these investor conferences all over the country, and the vast majority of them were a waste of time and money. They attract gutter-level institutional investors, and corporate CEOs attend them because they are typically held at nice resorts or in fun cities.

This event was different. Evercore is the real deal. The analysts there are the real deal. And a positive presentation will attract the investors every company wants. Three years ago, Evercore wouldn't have wasted its time with Anavex at its inaugural event.

I think you were smart to buy a trading position. But I think you are incorrect that the price action was market makers and shorts exclusively. Institutional investors aren't going to pay full price for their shares when a stock like AVXL is so easy to hammer down with maybe $5-$10mm of capital.