Anavex Life Sciences Corp (AVXL)

[skitahoe]

John, as I think you can tell, I'm not an expert on the technology here, nor do I attempt to be. I've liked what I've seen they're doing, and am willing to sit back and watch them come to fruition. If the price continues downward, when I sense a bottom I'll very probably buy more. If good news comes in and the price is up substantially, I'll think about buying when it retrenches some of the gain.

In terms of the big gains I anticipate from the stock, really only approvals can achieve that. Don't get me wrong, a Journal article, presentation, or other positive trial news can achieve a nice, sustained gain, but for prices well in double digits I believe at least one approval is needed, perhaps more, and of course approval leads to revenue.

Missling got some of his experience at IMGN, I hope he doesn't follow their lead and sell the company too early after initial success. Personally I'd prefer companies possible partnering with BP's than being bought by them, but reality seems to be, if the company has something worthwhile, the BP will want it all and with all the key people having substantial stock and options, instant tremendous wealth is a strong incentive to management selling out.

Gary