It will be the mother of all pops then. Glad I picked up more shares this afternoon. These people are insane!
If it merely shows better than the eventual decline that the SOC donepezil shows, then Anavex 2-73 will eventually be a smashing success and will become the new standard of care, worth BILLION$.Pity for them that the traders who do not understand science are missing this.
I wonder if the expected positive news hinting at further efficacy of Anavex 2-73 will mean a quicker launch into P3 and partnering from big pharma? If so, this stock can easily double from here.
Smart ones perhaps did at the open. The rest are the ones that like to play chicken. They must be the adrenaline junkies who engage in high risk behaviors.
I wonder how long that will last until? 2pm?
I need to sell something else that is sideways and grab some more AVXL.
Shorts won't get to pull their "short & distort" campaign again this time. You can only get away with that ploy once.
Friday is setting up to be an interesting day I believe. I hope to buy on the low of the day to maximize my paper gains next week.
That's a very reasonable assumption. Anavex is going to produce the next standard of care for Alzheimer's.
Their brokerage account will help them to understand! Coming soooon.
Even better than refusing to lend your shares to a broker - lock them up at a high sell price! Help squeeze shorty.
Just an FYI, I hear Arnica is good for bruises. I suspect there will be lots of people kicking themselves after this gaps up and saying, "why didn't I buy more when it was in single digits?" Coulda shoulda woulda...
Sentiment: Strong Buy