Ayala Pharmaceuticals Inc (ADXS)

[ignatiusrielly35]

It wasn’t a mistake if they shorted the box on the $19 shares at $28 and tanked the stock to cover in the single digits. It has always seemed highly unlikely to me that an outfit as sharp as Adage bought shares at 4.00, 7.50, 13.50 and 19.00 only to watch the stock run to 30, not sell, and then watch it collapse to 2 without fighting back in the least. Just not plausible to me. What they really did was secretly cash out their long position near the top by shorting their shares, which did not require a filing. And you can bet a lot of others knew what Adage was up to, and jumped on the bandwagon.