Anavex Life Sciences Corp (AVXL)

[Gator328]

It could drop a lot more than that, perhaps to the $3/$4 range though I suspect the mid $5's is where we'll begin to slowly recover.

September is historically the worst month for stocks and compounded with all sorts of other events including but not limited to: global proxy wars, government shutdowns, upcoming elections, inflation and interest rates, and a general sense of malaise because the Covid bills are coming due, it's not a surprise that Anavex is down along with most of the market.

Nvidia and AMD were Wall Street darlings a few months ago and both are down about 23%. Anavex's current stock price is a reflection of macro events. Wealth is created when savvy investors pick up good companies that are drowning in the currents.

An investment in Anavex is a vote of confidence that the science will ultimately prevail. I believe that it will. And if it does, even those who consider Dr. Missling a buffoon will have no way of stopping what happens next: in time, word will spread about Blarcamesine. Caregivers who must drive patients to facilities for injections will ask about the oral tablet option and even the most reluctant MDs with longstanding relationships with BP sales reps will be forced to write prescriptions for Blarcamesine or risk losing business to doctors who will. If the drug works, if it's as safe as the current standard of care and if it's easier to administer it will succeed until something better comes along and there will be no way to stop the profit avalanche.

But until the FDA formally approves Blarcamesine, it's all speculation and hope for Anavex investors, and hope tends to disappear during trying macroeconomic conditions. That's where we are and for now, there's nothing any of us can do about it except wait. Some will spend their waiting complaining and others will go find other things to keep themselves busy. It's a choice each of us will have to make but the outcome cannot change. The roulette wheel is spinning and is starting to come to a stop. There's still time to add or remove money, but not much. If Anavex succeeds it'll be the equivalent of 00. I've always wanted to hit one of those. Maybe this time I will.