Anavex Life Sciences Corp (AVXL)

[ExtremelyBullishZig]

That isn't why it dropped 30%. It wasn't HFT or the Cabal either. It is regular biotech catalyst trading. No one who entered the stock was actually in it for the PDD results.

People received a PR that gave a timeframe for a presentation and a PR that was written in a very positive light.

They bought starting the minute stock cooled down from the PR...stock and options. They bought a lot. All of them had the idea to exit either The day before or the minute before the conference. The moment is t started dropped, those traders needed to get out quicker that the other guy. It hit stop on quote (stop market orders) and bailed.

I am one of those people. I have a core but also seperately made $30,000 on that event alone. At that point it went back to the stocks "actual market value" The best option sell and stock sell was actually the day before. That was the smartest of the bunch (when I exited half my trading position). Then I sold my other half at market the next day as soon as the price action turned...never looked at the presentation... didn't matter.

Without that group...it was never going to touch 7.50 that week.