Replies to post #457998 on Anavex Life Sciences Corp (AVXL)

[ignatiusrielly35]

I think what happens next will depend on how the Russell 2000 rebalancing plays out. Today is the relevant date. The ETFs and mutual funds will have to sell some shares based on today’s price. It’s also possible that the market makers have been short term shorting ahead of the rebalance and have arranged to buy the funds’ shares at which point they will use the shares to cover.

I suspect that this was all fairly planned. They drove the price down to force the Russell 2000 funds to sell some shares.

[blue finch]

good idea
i sold yesterday and expect to buy back as soon as today