Ayala Pharmaceuticals Inc (ADXS)

[cab033]

No this is exactly why we are down today. The entire sector is down big so we are down big as well. It is clear to see that. I even called it before the market opened this morning. We trend with the bio sector on non PR days. Yesterday we had a good PR (that everyone was expecting) and we had some volume early that dried up after the first hr. We closed above our 50 and 200 day moving avg that did absolutely nothing for us. Adxs does not trade based on the chart. It follows the sector. Always has and will continue to do so until we get material news that causes us to trade based on our own merits which will cause a reset to our valuation and institutions to start adding again. The shorts will leave when they are ready and they will likely not get fried before they leave either.