Something is definitely up. There's only 36.2 million shares outstanding, 92% held by the majors (mutual funds, hedge funds, insiders, 5% owners, etc).
Volume of 1.5 million plus is ABSURD for Affymax considering the majors are holding nearly 33 million shares out of the 36.2 million outstanding. Majors aren't usually very active in buying/selling on a daily.
Does anyone think this is mostly the majors outbidding each other for shares or retail driven?
I could see a retail-driven rally from $16 to $20, maybe $21. The move to $26 has been pretty vicious to the upside.