Anavex Life Sciences Corp (AVXL)

[kevindenver]

It's the biotech sector, it's the collapse in investment banking, it's the lack of retail money flowing into equity markets. It's a lot of things right now.

Only a material positive event, that the market believes , can change the trajectory and overcome the macro market challenges and I believe this positive event will occur in Q4.

We differ in options on what to do at this level and I enjoy that. I'm bullish at this level as I think the weekly support zone down to the low $7 will hold in spite of the negatives mentioned above.