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Advaxis sell-off continues

  • Micro cap Advaxis (ADXS -11%) heads south again in early trading. Shares have dropped almost 50% from the peak of $13.74 on January 20. The sell-off is not entirely unexpected considering the sharp run-up from the breakout on December 15. Shares tripled in a month.
  • Adding a bit of momentum to the sell-off is a bearish article published yesterday by noted short seller Richard Pearson.

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