Replies to post #47187 on Anavex Life Sciences Corp (AVXL)

[bas2020]

Yes, but we're talking about the shorts. They will wait until next week to start covering. The manipulation this week, EOY, is to maximize their reporting gains and of course their bonuses.

[nsomniyak]

I am not projecting a pop per se. My point was simply that there is incentive, from a tax standpoint, to delay taking a profit in AVXL until next week. That applies if you are short from 12 or long from 3.

That said, if tax factors were the only factors, I would say AVXL would rise next week. There is incentive for longs to take tax losses now by selling and incentive for short to wait until next week to cover.