McG, only 1270 5$ call options tomorrow, so that little amount would not motivate price manipulation down to 5$ (imho) as millions of shares sold yesterday. I interpret the price down yesterday as anavex selling stock to raise cash. I suspect anavex got their fill of cash, and hopefully we will not see much more selling from them for a while. Likely, there was also a falloff in buying as well.
In the run up to 6$, it is possible there was some shorts covering, but there are >6million short shares, so there will need to be a LOT MORE COVERING, which is probably yet to come.
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