Replies to post #289711 on Anavex Life Sciences Corp (AVXL)

[XenaLives]

I can tell you that someone who was primarily buy and hold with a little bit of trading for five years, you can be sitting on a 20% profit.

Better than CD rates...

[LakeshoreLeo1953]

AS AVXL hit the NASDAQ @ $7 that would seem to describe
those some refer to as "late to the game".

AVXL is one of only a handful of OTC plays I carried beyond
that Market. Not @ .22 but around .72 but in and out so much
that is irrelevant by now.

I do think the 5 year plan has a chance of successful completion
if not so much within 5 years. What was a "gamble", not matter
protestations to the contrary, is now reasonable or better
risk reward proposition....as well as the established trading
vehicle it has been.

[Fireman02360]

c'mon man. 85% of losses are taken in the year in which they happen to offset cap gains elsewhere or reduce taxable income. You expect people to believe this stuff?

In years past I would 100% say 1/2 of the selling on AVXL at years-end was tax loss harvesting. This year, no way. Not to mention most astute investors realize Anavex is getting very, very close to being a legitimate player in the CNS space. Whether you like it or not is a different story, but its 100% happening. Personally, I doubled my long position yesterday. This stock has seen some serious "de-risking" in the past 2 months.

-Fireman