Replies to post #258670 on Anavex Life Sciences Corp (AVXL)

[tootalljones]

Hey, I am not a random walk guy at all. Nobody on this board is. but you can only cut it down so fine. It has cost me millions to accept the fact that in looking for high alpha returns, sometimes, as sgt barnes once said, you gotta put your money down and take the pain, once you have sized your bet

(he actually said take the pain)
you need to consider whether you want to be in the stock market in these smaller companies, ...this is what is eating you, this quandary.
It ate me too.

[sokol]

Seriously, Missling impresses me as a strategic planner. We are not speaking about the stock market or biotechs in general. We are speaking about Anavex and Missling, and the manner in which he runs his company.

[frrol]

These companies have strategies, including Anavex. Just not the one you hope about meticulously timing things to make your shares rise in incremental value.

For example, they choose what indications to pursue, when and in what order. They consider finite resources, likelihood of advancement, and several other important factors. And as time is money, they do their best to do it quickly, under those resource constraints, all the while under heavy regulatory and scientific requirements and the uncertainties of site involvement, enrollment pace, CRO performance, and result outcomes. It's why they give milestones like "mid 2020” and not mm dd yyyy, and make conditional statements like "should the trial succeed, we will then proceed to...".

We made an equity investment in a company trying to develop experimental drugs, a very risky and difficult enterprise.