Replies to post #400801 on Anavex Life Sciences Corp (AVXL)

[FitzyP33]

Blackrock has $10 trillion under management. $59 million is like you and me bending over to pick up a $100 bill.

[Anshu2]

Don’t try to understand Blackrock’s strategy or play here. They could be owning AVXL for 100s of different reason than us — and, AVXL is certainly not worthless (by any measure it is worth $9-11 at this point). Neither is its future known predictable.

We also can’t blindly follow what Blackrock buys/owns — since we don’t know its strategy or plan.

We can only look at ours. What exactly are we owning it for? For a bust or lottery in 10 years? Fine then — then keep it fir 10 years untouched.

I hope you understand the point.