Steve, I prefer to explain ADXS-specific manipulation using a well known event. There is constant manipulation going on in this stock but in order to observe it you would have to watch level 2.
Anyway, on September 17, 2015, ADXS released their best ever GOG phase 2 cervical data of 38.5% 1 year OS (even you would agree that this is not an opinion but an objective fact). The PR for it came in at 2:05 PM. Within a couple minutes of the PR being issued, the stock flash crashed from 22.14 to 14.08 and then back to 22, all within 5 minutes. The stock ended that day at 19.62.
I have a few questions for you to ponder:
1. Who crashed the stock and brought it back up in minutes? I am confident you would agree that it's not retail.
2. The result itself was stellar, and it was better than that of any other study in 50 years of trials by GOG; so why did they crash it. Well, we now know that 15 days after this data release, on October 2, a clinical hold was placed on ADXS' trials due to a patient's death. But how did the flash crashers know this info before the company or FDA released the information? Well, they did receive inside information well ahead of time and used HFT to crash the stock 15 days in advance. Would you dispute this?
3. When your say there is no manipulation, are you saying that the entities that manipulated the stock in September 17, 2015 simply walked away after that day for all of eternity, with no additional interest in the stock?
Think about these to begin with.
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