Replies to post #74594 on Anavex Life Sciences Corp (AVXL)

[XenaLives]

IMO - there is little or no liquidity at this level, that is why volume is low. Those blocks are wash trades between collaborating entities, IMO. Could also be those entities playing hot potato with an NSS position.

"Somebody is holding the share price down"

I was agreeing with the idea that the current stock price is too low but some big block buyer(s) appear to be getting shares from somewhere at $3.00 or a few pennies above. This suggests the seller(s) would lose money below $3.00 so selling is curtailed there. When the trickle of new buyers start sending the price up a bit, selling resumes, holding the share price back down again.

It's not warrants but the price action is similarly artficial, strictly monetary/trading based, appears governed by some pre-arranged ball-park, round-number price and not fundamental stock metrics. Of course, a developmental stage company's perceived valuation is mostly dependant on speculative sentiment and intangibles, so any money in excess of the low volume on any given day will set the price. This is the opposite of a large cap where metrics such as the price of oil, same store sales, i.e. tangible fundaments, all get tallied up by analysts and result in a calculated valuation based stock price. Also large caps trading in the billion dollar volume range are beyond the clout of a typical hedge fund or high-roller's $10 to $100 million, to move the stock price in any significant way.

09/01/16	3.10	3.21	3.01	3.03	736,817 
 08/31/16	3.05	3.08	3.03	3.06	337,463 
 08/30/16	3.04	3.14	3.04	3.05	249,356 
 08/29/16	3.06	3.0782	3.03	3.04	424,310 
 08/26/16	3.15	3.16	3.00	3.04	787,379 
 08/25/16	3.15	3.20	3.13	3.14	459,761 
 08/24/16	3.28	3.33	3.15	3.18	528,632 
 08/23/16	3.21	3.32	3.18	3.26	247,817 
 08/22/16	3.25	3.26	3.1701	3.21	259,194 
 08/19/16	3.30	3.35	3.20	3.21	404,728 
 08/18/16	3.24	3.429	3.15	3.32	437,158 
 08/17/16	3.30	3.37	3.14	3.26	480,612 
 08/16/16	3.51	3.51	3.30	3.32	525,897 
 08/15/16	3.79	3.88	3.3901	3.54	1,470,505 
 08/12/16	3.23	3.78	3.10	3.70	3,526,493 
 08/11/16	3.10	3.16	3.00	3.02	677,875 
 08/10/16	3.04	3.08	3.00	3.03	519,900 
 08/09/16	3.13	3.20	3.03	3.06	772,600 
 08/08/16	3.45	3.50	3.16	3.17	887,200 
 08/05/16	3.25	3.58	3.25	3.42	1,066,900 
 08/04/16	3.14	3.58	3.11	3.38	1,675,500 
 08/03/16	3.21	3.29	2.91	3.11	1,881,700 
 08/02/16	3.51	3.58	3.24	3.37	1,359,100 
 08/01/16	3.90	3.97	3.56	3.61	1,326,500 
 07/29/16	3.70	4.00	3.535	3.84	3,356,600 
 07/28/16	4.02	4.40	3.46	3.51	5,035,300 
 07/27/16	7.55	7.60	4.08	4.46	10,427,300 
 07/26/16	7.54	7.61	7.09	7.49	1,046,100