Hey, ya'll still around or sold out? I unloaded most of my shares at 13.25 when downturn was confirmed, holding just 2600 shares. (5.80 average)
It appears the high institutional ownership is at work again (MM) bringing this puppy down to about 10.85 perhaps 9.90 on no news. Nuts! That's ok though, got cash on hand will start buying soon.
That, plus, this isn't my first rodeo with AFFY LOL! Hey easy! remember? 'Arlene sold, you should too, haircut coming, adcom will be denied, insiders sold so should you!" LOL! Just to list a few? ey? for old times sake? ahhh...nice memories! GLTA!
It is heartwarming to see posts from FDS, Vinh and Monti. Most of my shares were acquired in the 4's and 5's and unloaded in stages in the 8, 10, 12, 14 and 15 range. I still have 1/6 of my original position. Long term I see a takeout in the 20's. This could be a matter of months or years. Shorter term I see a couple of scenarios
1. Establishment of a floor in the 10 -11.5 range followed by a trading range in the 11 -15 area.
2. Establishment of a temporary floor in the 10-11.5 range followed by filling the gaps in the 5's and 6's range. This scenario has nothing to do with AFFY. It has to do with a market crash - either a major financial crisis or a war with Iran that spills over to involve the US. Last year we were trading in the 7's with an unfilled gap in the 4's that few expected to be filled - but it was filled. I think the probability of this scenario is relatively low but it prevents me from fully reloading to my original number of shares.
i am glad to hear all of you made good money on AFFY .Iam very sure this stock still very good for us to make money i think 11.50 is the bottom and short term range will be 11.50 and 13 BTW i see a lot of buying on Pozn I just bought 5k shares Pozn last week at 5.75 This stock will rock when the partnership news for the new drug come out soon good luck
hey guys, Im only holding bull call spreads which are out of the money right now. Hoping for a bull run above $14 then I will close out my position.
Im in AVII right now, apparently we will see a huge move on Monday...
Also in AMRN, playing condor 9-11 bucks. I think this one is over hyped and the price will settle in the money at my target strikes.
I think I am done with AFFy for now. I will ride PLX into PDUFA and sell before. I will also go long AMRN in June or wait for the impending bear raid to $9.
My guess @ closing price for AFFY monday is 11.49. GL
that why i always play safe i do not have a gut to hold through fda decision I missed a big ran up on affy i sold all my holding under 10 But i made nice profit on chtp average @3.50 and sold @4.19 I start building up the position on affy i think the stock is a good buy under 12 we will see another run up on Euro news Good luck
I lost plenty on chtp after the briefing docs debacle. Then bought back in with minimal shares before fda vote think I'd double down on a crl but sold out for a loss instead. I'm glad you bailed, wish I had but was hoping for the best. Win some and lose some.
What do you think affy will do from here? Best of luck! Rod
hey my man did you get out on time on CHTP i was so lucky i sold all my position @ 4.19 just 10 minutes before the drop I think affy will be good trade again from now on let see then
Vin! Do you really think 11.50 is going to be the bottom? I have my first buy order in at 11.22 then will average down from there. I think it will go below 11 on no news. This is really like in the old days, MMs controlling the game (as always)
Hey, BTW: Welcome back!