InvestorsHub Logo
icon url

kevindenver

02/03/23 11:37 AM

#401294 RE: Gator328 #401291

$AVXL was among a portfolio I started focusing on cannabinoids. They all basically failed except for GW Pharma ($JAZZ) and $AVXL which in retrospect didn't really belong in the allocation in the first place. Edit that allocation just barely beat the norm with 8 fails, 2 wins.

The article that got me interested for all the wrong reasons. LOL

https://www.anavex.com/post/anavex-encouraged-by-scientific-data-confirming-sigma-1-receptor-s-beneficial-direct-interaction
Bullish
Bullish
icon url

tootalljones

02/03/23 12:19 PM

#401298 RE: Gator328 #401291

all the old timers (myself included) have a story about how they bought or came across AVXL...
I had been fooled by the Cancer Immuno Therapy stocks, a bunch of them that were promising such big things, not really knowing what I was doing, not really knowing what the immune system was up against, which is the tenacity of human disease and decay......, almost all failing with just a few doing well and they were naturally, the Wall Street promoted big names, and from there I jumped to the Stem cell sector, which were about 20 in number and had come down as a group, being the hottest of the hot for a while there, from prices of 25 or 35 to 3 or 4, ...from thoroughbreds to nags and once again, that idea buying experimental medicine at the lows, was another failure. And then, quite on my own, stumbled across anavex which in 2014 had been at 5 bucks but had come down when I bought it to 22 cents, reverse split adjusted 1 for 4 bucks btw.... where as usual I ploughed in my income, being with Bourbon (what happened to him, did he come to conclusions about Avxl?), Nidian and several others at that moment....and explored the alzheimers field, with its 99 percent failure ratio, so they say, something like that and their relatively new CEO, herman the german with allusions to german engineering....and so with my own riverboat mentality took a shot....................not something I would ever remotely consider doing today.
from Shakespeare, "there are daggers in men's smiles."
and the only thing I have learned is to be a fast seller when your idea is probably wrong.