Replies to post #414256 on Anavex Life Sciences Corp (AVXL)

[bas2020]

I'm giving it 6-9 mos.
Don't you know that this is fairly typical of the drug development and approval process?
Or is this your first biotech investment?

[abew4me]

Fast forward to tomorrow morning's quarterly report...

TGD clarifies that pre-commercialization is based on the excellent results from the P2b/3 AD trial...and that he intends to file an NDA first with Australia's TGA. (Hypothetically speaking, of course)

The market likes what he says and AVXL shoots up to $22/share. The price continues to bounce around throughout the day between $21 and $25. But in the last 10 minutes of trading it shoots up to $31/share!

Everyone is dancing in the street. Except...there's still ten minutes before the market closes...and the MMs are starting to push the price back down.

$30
$29
$28

Two minutes left before the market closes...

Are you going to Buy, Sell, or Hold?

I'm curious as to what you'd do, Mikey?