Anavex Life Sciences Corp (AVXL)

[Gator328]

That's a good question. It's possible it holds $11 again. My feeling is that people were more optimistic about the economy then with people expecting the next round of stimulus money. Now that that money has been paid out, people aren't sure what's next and there is still a lot of trepidation in the market. I think $8 - $10 is probably a fair range for Avanvex at the moment, considering it has yet to earn a dollar in revenue. Obviously that will change with the next round of data results. So for me, under $8 is where I start to see the stock as being undervalued.

Good luck! I think your $10.30 stink bids may fill.