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Affymax, Inc. (AFFY) Message Board

  • luv2trade2013 luv2trade2013 Mar 20, 2013 2:07 AM Flag

    Does anyone else find it odd...

    that the PR news had such heavy negative connotation. Not only negative, but restated over, and over, and over again using the same language -- phrases like "highly unlikely" "removed from the market" with no chance of recovery commercially "12 months of operation not looking as promising as before.." "Bankruptcy". It was practically deliberate. Most of the time when a company delivers bad news (and they still have SOME time on their side), they state it once using few words and mixed between positives.
    It can only mean one of 2 things... the truth, and they are covering their behinds because there is no positive news (although I don't see how reinforcing negative sentiment 10 times over using the same language helps for defense in court), OR purposeful devaluation by use of fear and manipulation --- much like how many of you operate on these boards --- Perhaps it's a little of both? Who knows... but something still doesn't seem right about all this.

    Sentiment: Buy

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    • actually there are still a lot of positive, at least to be said. It is not even clear what caused the problem, can be a simple manufacturing issue. Okay that will take time to figure out. Even with the data in hand, subcutaneous use never had problem. This is more than enough to keep AFFY alive.

    • Do I find it odd? The incompetent criminal management is robbed all their shareholders of millions in broad daylight by PURPOSEFULLY trying their hardest to crash the stock price for whatever the heck their ulterior motive is which most likely they've colluded to sell the company on the cheap in return for a very lucrative package for themselves and a big middle finger for shareholders.

    • They're trying to cover their butts from anymore class action lawsuits. They're telling you as plainly as they can "ALL HANDS, ABANDON SHIP. I REPEAT, ALL HANDS, ABANDON SHIP!!!" You guys can try to play this thing for a bounce, but I'm TELLING YOU, right now, that it is GOING DOWN! This company is toast. I've been at this for over 16 years. You can ignore me or not. I have no position in AFFY. It's not worth the risk/reward to short it at this point, to me, and there's no way in hell I'd go long or try to time a bounce, so I'm just watching. And warning. I said short it after the brief price spike a couple of weeks ago, and I'm saying stay out of it, now. If you have any shares in it, sell them and take your loss. Keep as much powder as you can and go play another stock. There are thousands upon thousands of them to play. This one is done. Good luck.

      Sentiment: Strong Sell

    • or it could be that bad,i.e., they burned thru a ton of cash and face significant liabilities.

    • You're thinking about it too hard. They're just stating the obvious: 1) no cash flow, 2) unsafe drug as deemed by the fda, 3) no eta on when the drug safety will get resolved. This means they need have two options: A) sell/merge with another company, or B) file bankruptcy.

      I think we'll see a pop to $1.50 - 2.00 on shorts covering and technical trading but not much else. If there's an acquisition, it'll be a low ball offer. Unfortunatley, bankruptcy is a real possiblity here.

    • I thought about buying last week. So today I bought even more for the same amount and even if they BK, I'll buy more...

0.127-0.0035(-2.68%)Dec 19 3:29 PMEST

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