Anavex Life Sciences Corp (AVXL)

[BAR123]

Strategy to ponder. I have 25K shares at avg. $15pps in one of my accounts. That is an investment of $375K. What if I sell all shares at say $8 freeing up $225K and taking a loss of $175K for tax purposes. Then I go out and buy 300 of the Jan. 2025 $10 Strike for $4 effectively setting a pps of $14 for these potential shares and it will cost me $120K to make this trade. It also lowers my avg. cost to $14. It gives me 653 days for AVXL to either go to $50 -$100 or a bust. I would like to think that within a year we will know if we have a $100 stock or a POS. It also frees up $80K of cash.

Anyone have any thoughts on this strategy ??