Ayala Pharmaceuticals Inc (ADXS)

[equaloppforall]

Good point about not using margin, Joche. Believe it or not, some brokerages were allowing some margin (30%) on ADXS even at $3. Scott Trade being one example. It appears they finally cancelled margin on ADXS entirely only last week. I believe some of the selling, or more accurately the last of the margin selling, will have been completed today unless the margin borrowers paid up using cash.

I realize that I'm in a minority here, what with even some long term holders having given up any shred of optimism, but I strongly believe that based on my everyday observation of L2 trading, that short funds are covering slowly but surely.

Note that the stock has not collapsed by any means, which typically happens when a negative material/binary event occurs or when some bad news has leaked out. That is not even remotely the case here; there has not even been capitulation, although there is some real selling induced by fear, frustration or margin calls. All we need is an assurance that dilution won't happen at these prices, and I believe that that assurance will come soon, most probably in January. Until then, the manipulators get a free run and will continue to implement a slow drip-controlled chaos strategy, with just the right amount of invisibility to retail.