Replies to post #402304 on Anavex Life Sciences Corp (AVXL)

[crescentmotor]

The XBI or any index follows the action of its constituents, not the other way round.

The "constituents" are the index funds and exchange traded funds that control 70% to 80% of trades using automated computer trading. Passive investing using algorithmic models took over the markets/exchanges long ago. Gone are the days when most trading originated from research done by humans. Machine trading is the reason for the extreme volatility of today's markets and that volatility has very little to do with changes in business fundamentals.

[WolfofMia]

And it was down because a large percentage of its constituents were down yesterday.

It was a RISK-OFF day, and nothing to do with AVXL in particular.

I can not believe I actually thought you used to bring valid points to this board.

22.5K post later, I finally admit there is more to this agenda from this birds eye point of view.

GL with your 95% chance of being wrong on AD!