Anavex Life Sciences Corp (AVXL)

[kevindenver]

As a fellow old timer with skills, play the "Core and explore" strategy.

$AVXL has been a very profitable trading stock for me over the last 8 years. I hook a hiatus from trading and went to buy side only over the last couple years, but truth be told I had to go to accumulation mode because I got too cocky selling premium rich covered calls against my very low cost basis positions. I got my ass handed to me on a silver platter in Feb 2021 whereby I lost a ton of opportunity cost that paled in comparison to the premiums received. I officially retired in 2020 and without a steady income stream it's been a slog to rebuild my position. The fact I lost bragging rights for holding sub $1.00 shares still irks and haunts me. LOL

Total side story, I have a $AMGN position in my inherited IRA with a $1.78 cost basis. I'll be sad to see that cost basis lost when the step up basis is created upon transfer out.