Anavex Life Sciences Corp (AVXL)

[Gator328]

Eventually people will realize that irrational exuberance leads to disappointment, such as the fact that Anavex is now down for the day.

Long-term yesterday's PR announcement was a positive for the company's future. Anavex is taking its time and being methodical, much like the FBI often spends months or years building a case before it makes any arrests. Lots of impatient investors who want immediate returns cling to false expectations. This is why I ignore those who insist Anavex will be $1250/share -- if that happens, big if, it's 7+ years away. Triple digits is most likely 3-5 years away.

I am willing to wait to see how it plays out. With each positive PR, the risk diminishes slightly.