Anavex Life Sciences Corp (AVXL)

[Gator328]

I would love to see Anavex trading in the single digits again, as long as it's before 12/1 and the stock price isn't down more than 40% from the current level, which could indicate an unlikely data breach. Until CTAD, nobody outside the company has any idea how the outcome plays out, but reading between the lines all indications point to neutral to positive news.

If the data is neutral, expect another trial and a 20-30% stock price drop. Most of the long-time posters here will still be able to exit with a substantial profit. It'll add another 12-24 months for those who wish to hold through to the end.

Reading between the lines, however, why would Anavex be meeting with Piper Sandler (assuming the rumor is true) -- they're either meeting with the mergers and acquisitions division or the bankruptcy division. And I don't think it's the latter...