Anavex Life Sciences Corp (AVXL)

[crescentmotor]

Extreme overreaction to a non-substantive development.

Wrong--it's a very substantial insider buy after some a very good data release. Volume of 24 million already this morning means institutions recognize this insider buying is a tell. It's not just the significant buy but, more importantly, who made the primary buy. Look up the SAVA's lead director Sanford Robertson. The guy is an extreme heavyweight with an impressive resume--the kind of winner who has a huge following.

Of course, the price is now correcting--you don't get a one-day 70% increase in a stock price like this without some heavy profit taking. Sanford Robertson is a rich long-term SAVA lead director, and he wouldn't have made this move without being extremely confident in SAVA's future. Even when the stock price hit its high of $146 a year ago, he didn't sell a single share. Robertson is on the inside--he knows things.