Anavex Life Sciences Corp (AVXL)

[WilliamMunny]

Power, I would simply say that if he is setting a target price of roughly 3x the current price, he is quite bullish. Most brokerage firms pressure analysts not to post targets more aggressively than that unless there is an immediate catalyst on the horizon. Like yourself, most holders who understand the dynamics here understand that once an MAA has been filed and accepted, AVXL will be trading comfortably above that $15 level. In response to that move, Summit Roy can claim victory and then set a new target of $45 (or whatever). More trades will be generated on the news and the firm's response. That is how the game is played. Even more importantly for holders, once the milestone of filling at the EMA has been reached (and expectations of a similar filing at the FDA gain in credibility), new sell side analysts will step up to the plate and carry the weight of more substantive firms than Jones Trading.