Ayala Pharmaceuticals Inc (ADXS)

[Gantor50]

I will disagree with you on this. Not all volume is created equally.

Today the majority of the volume is big Buy blocks. Same as yesterday. It looks to me that somebody with juice has the MM sweeping up shares for them and they are covering in large chunks. This type of price activity is exactly how they covered 2M shares last Fall, even though the PPS remained stuck in the mud.

My on the back of a paper napkin hypothesis is that once the remaining smaller hedge fund shorts saw that the Big Hedge funds that have owned this PPS for years now didn't crash ADXS at this Investor Day, like they did the last 3 years, the signal went out. Combine that with another big reduction in short interest yesterday and the message to the remaining shorts seems clear. Time to bank your profits.

We'll see. I'm cautiously optimistic for the first time in a long time.