Blue, I’m not ready at all to call this a failed investment. And even when it fell from 31 to 3 from 2021 to 2024.
I have suffered a few failed equities so I know how that is. This seems like a reset coming, not a rejection. A reorientation, restructuring, and maybe pushes the finish line out 2 more years. I can appreciate the sentiment of those like Doc, who might know better how that will work. As for anticipating the chart wave patterns coming, I think we just have to be patient and be prepared for fast falling knife type moves, that could easily dump down 70 or 80 cents at the open, and hit a 1 or 2 dollar target point, like the current price, sliding sideways now around 3.65/3.50 (3.40-3.70) I wouldn’t be surprised if it gets suddenly slammed down 1 dollar, or 70 cents , after lulling people to sleep this week moving sideways at 3.60 … I’m willing to buy some more for my portfolio at the historic bottom levels. (2.00-3.00 area) There should be chances next year to repair the price damage. Looking at the entire chart, of the last 13 years, AVXL has never floundered in the bottom zones like a dead fish. From every bottom, each time It made huge rally waves, as well as equally large downwaves from the top.
If this company is dead, then you would be right, I suppose.
But in any case everyone has to make their own decisions, and due diligence. I guess Sarepta showed us how important safety is. Anavex at least doesn’t have that problem .
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