"I think folks probably recognize Adage's sales are related to freeing up shares used to cover a short position."
Exactly my point. Which is why last time Adage filed a Form 4 the stock actually went up, and this time there is no real dumping either. Although it is down slightly today, it is primarily b.s. HFT on light volume. If Adage was really selling I would expect more selling to be induced. But no. Why?
If Adage did short ADXS like most people think they did (and I am in agreement) I would think that they would not like the general public knowing what they did. Not only is it a crummy thing to do, if they were to do it often enough investor sentiment would change when they take a position in a company. Remember how excited everybody was when Adage bought in? If it were widely known that they were in the business of shorting companies into the ground and using their long shares to cover, they would not get the initial pop they get when they announce they have taken a position.
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