Anavex Life Sciences Corp (AVXL)

[sab63090]

I think that is correct, too! Although this analyst from EF Hutton (re-born) might be highly respected, I would prefer a well known analyst like Charlie Duncan who back stepped away from $AVXL quite some time ago. He might have had influence on Buy Side (institutional investors) if he has changed his mind. Some of the guys I knew who worked for Hutton are now with Morgan Stanley and their former highly respected CEO (Robert Foman) left there under some heavy disappointment.

What are the scandals of EF Hutton?
The firm endured a series of scandals in the 1980s, including a check kiting scandal in which the firm allegedly loaned itself money based on customer deposits that had not yet cleared, and a $1 million fine following allegations that certain branches of the firm had assisted an organized crime family with laundering ...

BTW, I think we completed the "minimum target" for a Wave 5 yesterday, so a moderate pullback should at least be expected. Hopefully, my visual count is correct, but I had actually thought we should have pushed up past $7 yesterday. No cigar.

By at least completing a wave 5, we have now confirmed a change in trend from down to up...so a simple 3 wave decline (ABC) is possible after completing a wave 2. (within a larger sequence)..So the interesting thing is that a 3rd Wave up would be next which should be terrific! Realize that this is just my thinking and that I'm NOT cocksure, but try to remain observant and humble...Many times I have adapted with egg on my face...ha ha

I will keep my potential target on somewhere around $9.50 to $10.00 for now.