Replies to post #389273 on Anavex Life Sciences Corp (AVXL)

[wildcard235]

peeved, I've been bullish since 2011, and still am. I'm not bullish for today's price, or tomorrow's, I'm bullish for FDA and other approvals. That's the only time I'm sure the price is going to go up, and it will go way up after that. Until then, the stock price variations are just noise.

[growingpain]

At this rate I hope Missling sells the company for 50 if we can even get that

Out of curiosity, how many times has there been a buyout at 5x the current price? I do not know any (I think I only have seen a couple of around 2x in the history of M&A).

People can be bullish on readouts and this is fine. I was bullish myself before the readout, but was disappointed with what they delivered and especially how they delivered it. I reduced my position when we traded at $13.5 due to the delay in the TLR and exited the stock on Friday at around $13. I was hoping I could reenter today but was even more disappointed with the call (as I posted in the morning). I think what we are experiencing in the markets is people not trusting the company or people expecting a new longer trial. With the PDD OLE data out of the picture, the next milestone could be well into the summer (Excellence readout) and the street can be impatient with preclinical biotechs.