Replies to post #383791 on Anavex Life Sciences Corp (AVXL)

[Investor2014]

Yes, as far as I understand TA Fibonacci, waves and stuff - once $13.50 is prints we are all doomed!

[attilathehunt]

Wow Mike calm down...I bet when we hit $1249 you will be complaining when we drop to $1240.

Think of the bright side...If the AD TLD is nothing, we won't have to drop as much if we are $13 vs. $40. If TLD is great, then it doesn't matter at what price we are at today. We are close to a binary event IMO and I believe we will be happy with the results.

[sab63090]

No, Mike....13.50
It's a proven level that caused resistance to the up move and was able to move up to the 15 level (notice it was close to add'l resistance around 16, then 17 to 17.50...so this type of pullback happens around 50% of the time....sometimes it advances up to the higher levels without stopping, sometimes it pulls back to the "breakout level" of 13.50...giving some allowance, I always use plus or minus, since retail investors react differently.

Certainly, I can and have been proven WRONG in the past....

I will hold my position and will continue to avoid buying at high prints, buying near here might prove to be OK....good luck!

[raja48185]

There is a strong correlation between the collapse of the 3 Gorges dam and single digit pps. Till then you can relax.

Ask that TA guy on this board.

[Gator328]

I would love to see Anavex trading in the single digits again, as long as it's before 12/1 and the stock price isn't down more than 40% from the current level, which could indicate an unlikely data breach. Until CTAD, nobody outside the company has any idea how the outcome plays out, but reading between the lines all indications point to neutral to positive news.

If the data is neutral, expect another trial and a 20-30% stock price drop. Most of the long-time posters here will still be able to exit with a substantial profit. It'll add another 12-24 months for those who wish to hold through to the end.

Reading between the lines, however, why would Anavex be meeting with Piper Sandler (assuming the rumor is true) -- they're either meeting with the mergers and acquisitions division or the bankruptcy division. And I don't think it's the latter...