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Heading in the right direction...
Ha! Don't knock the janitor-he can talk about how it is a great place to work...
Quite the reversal today from $2.25 back up to $2.58 right now. I was looking to add, and guess I still will, but was not expecting that bounce.
I don't think Adage will buy any more long shares as this would indicate that they really were short and used some of their previous long shares to cover (what other reason could they give for selling shares and then turning around and buying?). I think that their reputation is more important to them than the millions they would make doing this. They do not want people knowing they were short. My opinion is that the best we can hope for from Adage is for them to stop selling. Hopefully, the last two sells have allowed them to cover. Of course, my opinion on this stock has been mostly wrong over the years...
Well, I guess that the good news is that the story is not over yet. Hopefully, one day we will be able to look back on things and be glad we did not sell here. It will be interesting to see how it all plays out.
I hope you are right. A buyout would not surprise me one bit. On the other hand, I would not be surprised if they announced that they are going to start doing car washes on the weekend to raise money. Who knows what will happen next...
If Adage did short ADXS like most people think they did (and I am in agreement) I would think that they would not like the general public knowing what they did. Not only is it a crummy thing to do, if they were to do it often enough investor sentiment would change when they take a position in a company. Remember how excited everybody was when Adage bought in? If it were widely known that they were in the business of shorting companies into the ground and using their long shares to cover, they would not get the initial pop they get when they announce they have taken a position.
I am going to hold and wait and see. What is the worst that can happen-it drops another dollar? That is nothing compared to what longs have been through here. I would rather ride this thing to zero than to sell out now and be out of the stock if it does happen to make a huge run or get bought out. Can you imagine? I will say I am done adding, though. Being stubborn is not a great investment strategy, but I feel like selling down here is like giving up and letting the other side win. People and institutions who short and manipulate small bios who are trying to cure cancer and other diseases absolutely disgust me...
:) Gotcha. I agree chart looks great. Fully loaded and holding tight to my shares for now. :)
Sorry-My smiley faces did not go through ??
????????. There are some smiley faces for you. Loving this price action.
Long live the Auckland herd!!!
Loving it! Hope it continues right on up to trial results in November. I'm letting my shares ride for a while....
Well said. This is my thinking. If you are going to invest in a risky biotech, you should try to find one where, if the company does succeed, the benefits and monetary gains will be substantial. Curing cancer through immunotherapy was once a good risk/reward but today the field is extremely crowded. Yes, Alzheimer's is a difficult nut to crack, but because of this there is a lack of available drugs to treat the disease and hence the bar for approval is low. Just the ability to treat insomnia for those who have the disease should garner approval for A2-73, and if that does not work out, at least AVXL is not a one trick pony. It appears likely to me that eventually this company will get a drug approved, even if there are some setbacks along the way. Patience required....
That is the question of the day. I like to think we are close to a bottom here, but nothing really surprises me with this stock anymore. I think we may see some reflex selling at the bell this morning due to Adage selling (which I am somewhat glad to see-the sooner the shorting and takedown end the better), and I have a couple of buy limit orders in (I work). I have averaged down and averaged down until I own a ton. I am either going to make a killing or I will go down with the ship. Hope it is the former, but I will be the first to admit that I have been mostly wrong about the price action of ADXS.
The market cap is down to a ridiculous $175 million. Unreal. There is no way I would sell down here. I would rather ride this down to 0 than give up my shares and then see this run back up. I believe shorts are covering, which had to happen before price goes up. Painful to my account balance, but a necessary evil, IMO.
Looks likely. Talk about being under the radar. Current market cap of $75 million. If the results hold in November and shows procedure continues to turn back Parkinson's, share price should move up considerably.
Well, not sure what today holds for this stock, but I feel capitulation is here. One important clue is the tone of the message board, which is rather dismal. Another is how I feel. I feel like selling. I (like many others) have suffered through the whole range of emotions with this stock, not only on this drop, but the drops before as well. After a while you just get worn down and want to be done with it. I own way too many shares from averaging down and not getting rid of enough shares when I had the opportunity and feel it is irresponsible to buy any more. So my emotions say sell and take the loss and move on, or at least lighten my position so it does not hurt as bad. Decided to sleep on it and this morning looked over the ADXS website and came to the conclusion that this company is worth much more than $196 million, which is the current market cap. So, I am going to buy once again. We'll find out in due time if this is the right decision...
I am sorry for your loss and sorry about your wife. Life is often difficult and I hope things improve for you.
You got your wish. I sold half yesterday and just rebought as well. Those were good results, IMO...
Pretty good PR which answers quite a few questions. Reading through everything that the company has going on it is difficult to believe that the market cap is under 300 million $. Suspect we will see partnership(s) before long which should help share price.
Great results out this morning with IMO-2125 with Yervoy. At optimized dose 66% experienced disease control vs. 10-13% with Yervoy alone. Up nicely pre market...
You are right. Tutes come and go. Everybody talking about Broadfin selling but nobody brings up that Keener Justin bought over 800,000 shares last quarter. A good chunk of change there. Keener Justin owns an eclectic mix of stocks but must have seen something very enticing to buy in like that. I think that buy is going to pay off nicely for them....
That is pretty interesting. Thanks for posting. Really would not be a bit surprised if ADXS is bought out quite soon. Also would not be surprised if price goes lower. Really, nothing would surprise me with this stock. It has been a wild ride, and not all that much fun of late...
Trial results coming up in November. Hoping they are similar to early results, which were absolutely amazing. Hard to find a lot of info on this company. I would urge anybody interested in investing here to go to their website and subscribe to their emails, which keep you up to date on what is going on...
That is the first thing that crossed my mind as well, although, as others have said, we will probably never know. If that was the case, however, I would imagine we'll be hearing about a deal fairly soon.
That's great! Keep it up. We need more signals like that one...
Hard to say how badly the stock price will get hit tomorrow. It is already beaten down. Timing on this announcement is a bit odd-Thursday after hours? Would have been better to announce during the low volume holiday or wait until tomorrow. Perhaps they might have some good news to temper the resignation? Perhaps whoever leaned on BOD to get rid of DOC might step and buy shares to limit the effect this has on the share price? Some might actually buy thinking this is good news? Shorts might have opportunity to cover on this news? Lots of questions. We'll find out tomorrow...
Nice call. Even called Lombardo being new CEO. Got any other tidbits? I'm all ears.....
Can't say that I am sorry to see him go. Stock price has been dismal. Even if not entirely his fault, he is ultimately responsible.
Very true. Investor psychology is fascinating to me. I find that if I invest opposite of how I 'feel', that is often the right decision. When the message boards are all doom and gloom, the stock price has tanked, and I'm feeling very frustrated over the money I am losing, that is usually the time to buy. This past drop, which I never expected to be nearly as severe as it turned out, was and is a buying opportunity. I added at $8.19, 7.8299, 7.07, 6.65, 6.10, and 5.92. Most of these were limit orders, as I still work for a living. When the price runs and the same people who are calling for the CEO to resign now start calling him "Man of the Year", I'll take some off the table. Sounds easier than it actually is.
This is my main hesitation in adding more shares. I own a pretty good chunk, but the whole immunotherapy space is crowded and evolving very quickly. TPIV appears a bit late to the party, but not a real big deal if results turn out to be better than predecessors. If I am wrong, somebody correct me...
Orphan Drug Designation. Nice 15% pop after hours...
Big, fat, healthy ones at that...
Wouldn't you think that generating revenue would also be good for shareholders?
I think they were aiming for a close at $6.00. The price wanted to run, so it was kept a bit under $6 all day to allow for the run into close. Fascinating (and a bit painful) to watch. I liked it a lot better when it ran to $30.
Actually a pretty good close considering the dismal week. Watching level 2 into the close, it is impossible to deny that ADXS is being manipulated. Ran quickly from the $5.91 area to $6.00 in seconds and was kept there for the close. Complete control. Reminds me of when APPL closed at $500.00 even on options expiration a couple years back. If believing that the CEO is responsible for this drop makes you feel better so be it. I'm not buying it. I've been adding in the $7s, then the $6s, and today in the $5s, and though I am way overloaded with shares, I'm fairly comfortable with all my buys. Hoping that the bottom is in, many shorts have covered, and we get a great bounce next week.
Truer words have not been spoken. Although pretty uncomfortable to watch the share price drop like it has, the story is far from over. In some respect, I am glad to get this drop over with. It is giving shorts the opportunity to cover. Short squeezes are rare, and shorts had to cover. I will be very interested in the next short share count. Hopefully, down considerably. Once covered, price should move up nicely. Meanwhile, I am adding. I have time to wait...
Thanks for posting. Reassuring article...
Very interesting. Thanks for posting...