Replies to post #373700 on Anavex Life Sciences Corp (AVXL)

[LakeshoreLeo1953]

IF, even at today's SP, you own AVXL at a cost basis of $3 and
have NEVER sold any shares.....

You are not an investor. You are a gambler.
Sometimes you may beat the House, but it got built on actions like yours.

[LBSR TO DA MOON]

Gator - Since there is no way for anyone to know if their initial investment in a biotech stock is going to ultimately realize a gain of 6670%, one obvious strategy (obvious to me at least) would have been to sell 1000 shares at $30 in order to re-coup 100% of the original investment and then let the remaining 9000 shares ride. The financial security cost of this strategy (based upon your thinking) would only be $200K...
By the way, do you really consider turning $30K into $300K to be just a "nice job"? Geez, that is an incredibly high standard! Personally, I would consider a "nice job" to be something like earning an average of 8-9% per year on one's entire investment portfolio over the course of 40-50 years...

If you sell 10000 shares at $30 that you bought at $3, you turned $30k into $300k. Nice job. That's quite the windfall. But if Anavex turns out to be a $20 billion company and those shares are worth $200 (diluted at 100mm float), the cost of financial security was $1.7 million.

[Investor2014]

You could get round that by simply by investing on the Mayo, Falconer and George assessments and in some cases commands.

“I don't know enough about Anavex or CNS disease to make that assessment so I fall in the profit taking camp, too.”

The WGT way of easily securing generational inflation beating wealth!!!

It has to be as EGT doesn’t seem to apply after all!