Anavex Life Sciences Corp (AVXL)

[Joseph_K]

possibly suggests market makers working hard to churn the stock to build inventory to fill orders from accumulating institutions while keeping the stock price under control

Is it not equally likely the MMs are trying to keep the stock price high (say around $4.50 instead of $3.50) so they can fill large sell orders from institutions at better prices? I prefer your scenario, but I don't see why it couldn't cut both ways.