Julius, that's a good question and I'm glad you asked. I didn't just sell in disgust, but also fear that no matter what the authorization vote, yes or no, the market would not like it and we'd fall further. Also I feared that ADXS would dilute regardless of the vote. If the vote was "no" then they'd still offer up whatever shares they could, and if the vote was "yes" then they'd offer up more. Basically I looked at ADXS management as like a drowning man, doing whatever it could to stay alive, even if it meant dragging down others with him. And after seeing them dilute WAY before the authorization vote, obviously I was correct. But I must say even I didn't expect it that soon. But I was being cautious. What I was doing was buying during the trading session and selling all before the end of the day. Since normally this kind of news comes during non-trading hours I felt I was safe to day-trade, but not to hold overnight. Lucky for me I was doing that.
The reason I bought back in was because I figured the bad news was behind us (dilution) and seeing how ADRO has been skyrocketing (up like 40% the past week or two) and then ADXS had that big pop at the end of the day on Friday, I thought ADXS should not fall too far behind ADRO. In other words, ADRO should drag ADXS up with it. ADRO market cap was something like 6 times ADXS and I felt it should be more around 4. So I thought we might be about to close this gap a bit. Also the short interest had that dramatic drop, which said to me that even the pesimistic people felt the price was too low. But, unfortunately no way to predict news like we had yesterday. GLTY
