Anavex Life Sciences Corp (AVXL)

[LBSR TO DA MOON]

Gator - Since there is no way for anyone to know if their initial investment in a biotech stock is going to ultimately realize a gain of 6670%, one obvious strategy (obvious to me at least) would have been to sell 1000 shares at $30 in order to re-coup 100% of the original investment and then let the remaining 9000 shares ride. The financial security cost of this strategy (based upon your thinking) would only be $200K...
By the way, do you really consider turning $30K into $300K to be just a "nice job"? Geez, that is an incredibly high standard! Personally, I would consider a "nice job" to be something like earning an average of 8-9% per year on one's entire investment portfolio over the course of 40-50 years...

If you sell 10000 shares at $30 that you bought at $3, you turned $30k into $300k. Nice job. That's quite the windfall. But if Anavex turns out to be a $20 billion company and those shares are worth $200 (diluted at 100mm float), the cost of financial security was $1.7 million.