Replies to post #335331 on Anavex Life Sciences Corp (AVXL)

[Gator328]

I agree. My fear is that we experience another overall market crash similar to December 2018. The stock market and underlying economic conditions have been diverging for a while. The only thing holding the stock market up have been bailouts and the fact there’s nowhere else to really right now invest other than real estate (illiquid) and Bitcoin (too volatile).

I don’t know how old you are but this seems eerily similar to the dot com crash. I know people who made millions reading during lunch breaks, I see the Reddit meme crowd as the same bunch. Right now they’re trading cohesively.

$30 represents a 25% appreciation from Anavex’s current stock price. My gut tells me that it will act as a level of resistance until there’s news. We were recently told 2H 2021.