Ayala Pharmaceuticals Inc (ADXS)

[Gantor50]

I am assuming that beyond the reported 5.2M short number, that maybe another 1M or so shorts were closed last week? Regardless I am guessing the current short position is below 5.2M.

So I am hoping that tutes are pivoting from short to long here...and that they will see this hold as just caution and nothing ADXS specific.

I think the real key here...going back to our discussions from last summer...is now that the tutes (possibly including Adage) have begun cashing in bigtime on their short profits, do they believe in the company and science enough to think they can run this back to $10ish or even higher?

If that answer is Yes, then I think we will see them buy this dip on the Hold. Maybe not right away, but they would strike when they think they see a bottom, today or tomorrow.

I guess we'll find out soon enough.

By the way, kudos to you for your theory last summer that the tutes would eventually force an offering at $5 so they could get enough shares to cover. You were right about the strategy, only I sure wish it was $5 instead of $2. :0(