Anavex Life Sciences Corp (AVXL)

[jimmy667]

Closer to 117million AVXL shares traded Thursday 2-4. One has to assume that buy/stop triggers for every share sold were hit on the way up then many shares sold into or right after the spike.
Some new positions day traded up and down using HFT algos now exited. Then at the high so think it is reasonable to assume very single share previous held short both reported and unreported were reshorted at a higher price likely avg above $20.
Although not showing in some reporting Benzinga reports one 10000 Feb 19 $20 long calls (1 million shares) transaction @4.80 2-5-21. That is a $4.8 million trade.
That would hedge 1 million short shares at approx break even @$20-24 and allow participation on the long side in any spike above $20 but if $20 not reached a loss of $4.8 mil if not closed for a smaller loss in the next two weeks.
I do not know if Benzinga can be trusted as accurate but I do feel most all the financial media have been posting falsehoods regarding the market at this time. Most every article I read seems to manipulate the market based on false or misleading stories and opinions. Low Point for the media. Especially CNBC.
What I feel and this is just my opinion as a non-profesional. Just an idea and non actionable but anyone but me.
I would guess by now most all how wanted to hold short on AVXL have done so to the MAX and I would not be surprised if short sales close to or exceeding the entire float are now held short. It has become apparent to me at least that short positions go mostly unreported. These new positions likely are above $20 so there should not be a buy/cover squeeze again below that. Thursday just a minor amount of interest from New longs as a sympathy play on SAVA may have triggered buy/stops on short positions that were likely already underwater at $7.
The good news is that if AVXL rises to above $20 it could trigger another buy/stop spike on these new higher short positions but maybe not below that level again.
Just my opinion and is interesting but the trial results and regulatory actions will ultimately determine the price of AVXL.
Do your own DD and applications of logic.
I hold AVXL long.