Anavex Life Sciences Corp (AVXL)

[Joseph_K]

I have to admit, I'm surprised by such a strong bounce-back today. Weak hands may have bailed, but it seems to me with those Rett results, that it will be a long time until there's revenue, and I figured ongoing towel-throwing would persist a while. Personally bullish, but not WGT, it raised my doubts about AD efficacy and approval-optimism since pediatric Rett had been considered the more sure thing for a clearly successful trial. I figured the market would see it similarly, and that a Wainwright reiteration of a Buy rating would mean nothing, at best. I threw in a piece of a towel (mid-$6.50s), but I'm a lousy trader.