Replies to post #177138 on Anavex Life Sciences Corp (AVXL)

[XenaLives]

This is just whiplash from a futile shakeout attempt IMO.

[drv17]

Falconer - Dr. Kaufman is more than just on the SAB (Startegic Advisory Board.
NEW YORK – January 2, 2019 – Anavex Life Sciences Corp. (“Anavex” or the “Company”) (Nasdaq: AVXL), a clinical-stage biopharmaceutical company developing differentiated therapeutics for the treatment of neurodegenerative and neurodevelopmental diseases including Alzheimer’s disease, Parkinson’s disease, Rett syndrome and other central nervous system (CNS) diseases, today announced the appointment of Walter E Kaufmann, MD to Chief Medical Officer (CMO)

It appears to me that he will be deeply involved in the trenches with his great expertise.

[123tom]

Excellent post .Thank you Falconer.
Your knowledge has been so helpful to this forum. Youre views are always key to my thought process for understanding the science.
and congrats on your first position.
This news sounds like a big feather in the Anavex cap. encourages confidence.
I'm a bit surprised that with all your understanding of the positive science that you didnt own any yet. It takes an act of faith to pull the trigger, but thru the knowledge of people like you and a few others, it inspires some faith, that allows me to buy the bottoms when they happen.
My own charting shows me enough clues that I come close to bottom targets much of the time. sometimes I buy too soon. but its not possible to catch bulls eyes all the time.
This bottom zone that has taken shape in recent days, 1.25-1.50 area should have a strong chance to hold as support now, and the current 1.65-1.50 area a decent target zone to buy more shares. It can be a tricky game to play. But if you are more confident now about the hopefulness of AVXL, I've become more confident in the technical chart showing a bottom at 1.25 and this pullback zone around 1.50/1.60 support as a fair place to buy more.
Last week the fear in the downwave was that it could fall to 1 dollar. But these kind of rally events can change the picture ,especially when it is backed by good news.
Being a cautious investor/trader,I am watching closely now to see what selling strength the shorts still have ,so that I can buy more at the lowest price. Its a small bargain, the difference of 25 cents, but every bargain adds up. First time investors should be thrilled to get shares at 1.60.

Good luck to all AVXL investors.