Anavex Life Sciences Corp (AVXL)

[jimmy667]

i definately agree. That is my read as well.
One would have to deduce that there maybe tens of millions shares sold short much higher on the spike day as existing shares held short buy/stops were hit then rolled over to re-short much higher. This combined with no further share sales would create a dynamic rising price as these short sellers would start slowly covering to take profits on the re-short to mitigate losses on the original short positions.
Some trigger that re-spiked the price into the $20s might re-ignite a short buy/stop rally again raising the trigger zone again.
Entrenched short positions seem to be similar to sweating dynamite in some market sectors. Short buy/stop rallies seem to be set off by the slightest shock even delta hedging by Options MM buying common shares to balance Call Options risk.
These are big players pushing this phenomenon. Lots of multimillion dollar Long call otm near term options. I saw a $105 million order go through for 47000 otm call option single strike the other day. That is a 4.7 million share delta for options that had less than one week to expiration. It is almost like the New Administration is bypassing the RICO forfeiture statutes and going directly to the Market to seize RICO funding. As crazy as this sounds it did not start until after Inauguration. As they say truth stranger than fiction. The only other thing could be computer algo trading in a pitched battle between hedge funds. It is definitely not Reddit other than as a smoke screen amplified with Media Propaganda.
Long only, Cash Reserves and no options, crypto and nimble to the max seems to be the only way to ride it out.
Weird.