Can't ever argue w/ taking some profits vs FOMO. In retrospect, if I recall correctly, you "called it / nailed it" on that early Feb. spike posting something to the effect "it's too hot in here", that turned out to be brilliant. As an old trader buddy of mine would say, "you picks your poison". 'Preciate your posts even w/ your wry sense of humor.
Any open-minded investor would read what you wrote below and should understand that what you laid out is indeed a possibility. Just like there is the possibility of the $22.14 gap from June 18th being closed...or dare I say the $15.50 gap from June 11th being closed. There is also the possibility that neither gap ever gets closed and AVXL begins its ascent over the next year or so into triple digits. In addition, the vast majority of companies that close a registered direct offering usually end up trading (at least for a while) below the offering price. Best of luck to you Investor2014 in however you decide to play it...
Can't help having this nagging feeling. That I should take lots of profit before more PDD data is released. The $50M direct offering could have been the last time for while where Anavex could dilute on the cheap and Missling grabbed the chance in the interest of shareholders. The PDD study was in Missling's words "exploratory" and he wouldn't be drawn on expectations. Yet what we have seen looks promising, but maybe with the full data release things are a bit tempered. If so there will be some time between now and the AVATAR and especially EXCELLENCE trial readouts. Plenty for the stock to drop back significantly. Anyway if I decide to take profit I will disclose to the MB. Then I can receive petty if it turns out a bad idea or alternatively not be accused of retrospective claims of 20/20 foresight, or is that hindsight.