Replies to post #62217 on Anavex Life Sciences Corp (AVXL)

[bas2020]

Obviously, you like to live dangerously flipping for pennies. The only problem with that strategy is if you are caught short when they announce the data, then WHAM! You have to cover at 3x the price. And there goes all of your past penny profits...and then some.

[Simonizer]

1.70 values the company at around $60 million. In that case I hope we have a strong poison pill because I guarantee someone tries to buy the company out based on everything it has going for it.