Look at the red volume. 90% of the volume. Leak!! Leak!! Shorts always know. Some of that 98% institutional ownership is likely institutional shorts - just wong in the system. How in the world would 1000 put option buy yesterday and 50% of os short not mean that they know something? The burden is on longs to answer this thoughtfully
Possible leak from patients. Happened on the way down. over 200 patients and their families means a leak imminent. Price action suggesting dosing will start soon
Ana a good explanation is not that "ADXS had a 1000% run" if your argument on random small cap biotech shorting is valid, it would not matter if it was up 5000% or 10%. A complete failure is 100% gain no matter what to a short.
Another problem with this ridiculous investment strategy (i.e. short small cap biotech willy nilly) is why not hit all these small caps. Why not just short a small cap biotech etf? The fact is, that if it was "random" we would see far more shorting in other small cap biotechs. It would be far more equally distributed. WHICH IT IS NOT!
EXPLAIN WHY THEY (THE SHORTS) HAVE CHOSEN ADXS AT FAR FAR HIGHER SHARE NUMBERS than other small cap biotech??? EXPLAIN! If it was truly random bet on 9 out of 10 biotechs fail, there should be far more equal shoring distribution. WHY 50% in ADXS?? WHY?? Nobody has given a good explanation. Because logically it points to a leak. Scary if this leak is the FDA themselves.
I am long believe it or not. and will likely take the loss because of that percent short number. Halloween and the scariest thing I have seen all year is that short number in ADXS
So your saying that we won't really see covering until about 30 or until they realize that this was a stupid move to short 50% of the float. Maybe. Or maybe they have an FDA inside scoop! maybe. I am long btw. no matter what you think .Jus caught with a buy at 17ish
That is a horrible strategy. The most you can make from a short is 100% but you can lose far far far more. So if you are correct on 9 but the 1 turns into a JAZZ type move with 10,000% gain. Or even if two do. You pretty much lost far more than your gain. Stupid strategy.
So this again brings to question. Why 10 million short bet??? There are plenty of small unprofitable biotechs that have very low short volume. tons. I want an example of one this heavily shorted that the shorts actually got screwed. I don't know of any. Because they have insider info. Somebody has access to the doctors, patients or the FDA or all three.
give we one example of small cap biotech that has 50% of float shorted that screwed the shorts??? Please give one! Not usually the case, because they simply know something!
What do you think these shorts know? Or what is the reasoning to gamble this big? Is it simply too much too fast and/or biotech weakness in general?
could it be that some of this institutional ownership is actually institutions short and the database has it screwed up?
I have found that shorts are almost always correct especially when they dominate a biotech. Somehow they know more and have inside knowledge. With the MASSIVE Bet they have made. 10 million short shares. What do they know? They knew about the hold. I would like to attribute that to leaky news from the patients. Worst case is it cam from the FDA office.
Now shorts are still piling on after the news, which is contrary to what others are saying a very very disconcerting thing. We are talking over a 100 million dollars bet against ADXS. THAT IS HUGE! There must be some leaked knowledge. And the scary thing now is that the patients and doctors should be as much in the dark as anyone else about the hold being lifted. I am now terrified that there is a leak in the FDA. Of course all these shorts could be very very wrong I would love that. But I have seen it over and over where they are dead right. ECYT is an example.
I am not short. I am just now a scared long, who is terrified by this short interest. Someone please give some insight into this situation. I would love specific examples of small cap biotech heavily shorted where the shorts were wrong! EXAMPLES Please!
Nothing causes short covering in bios like the threat of news. Both SA and lots of other data coming soon. Especially the canine data
the ibb is rebounding today. ADXS down 12%. Horrible sign. What is the problem. How come no Seeking alpha explaining?? Why does the market think the news was horrible when in reality it is a better drug than a 6.2 billion dollar blockbuster? 40 price target from real analysts??? Big bio shorting in order to get a better price for a buyout??
Lately it has been tracking the IBB. but now if it goes down when the IBB rebounds. Thats very very bad
This is bad. I like ADXS but what the heck is going on??? The results were great!! Stock target on average of 30!!! Nasdaq up 1% which won't hold and then what happens to ADXS??? 10, 9 5????