Replies to post #325336 on Anavex Life Sciences Corp (AVXL)

[Gator328]

I didn't expect it to drop under $20 after it held that price level for a while. I think there are a lot of new investors / traders who entered the stock and are finally taking losses at the 20-25% range.

I'm a bit worried that CRTX may beat Anavex to the punch with the FDA if its true results are due in November. This could be an interesting area to look at the options expirations for a short-term wager if the stock price does indeed drop to the $15 level.

Good luck!

[Gator328]

I'd feel a lot more comfortable if AVXL closes this week above $18.50. If it fails to break above $18 today, that could be all that's needed to drop it down into the final wave.