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Affymax, Inc. (AFFY) Message Board

  • asokban asokban May 3, 2013 11:32 AM Flag

    AFFY Prospects

    I am very sorry to see how longs are suffering here. I don't think that the stock is as bad as the bashers think. The only bad thing here is the shareholders lawsuit. The good things are: Institutional shareholders (91%) and the high short interest. I guess the stock is being manipulated by the Institutional shareholders who will eventually take control of 100% of the float. The way AFFY is dropping, I have a feeling that it may go below 50 cents very soon. I would watch it for a while before making my decision to buy. I would never short AFFY, because the big guys can (who are in control of the float ) trigger a short squeeze any time. JMHO.

0.113+0.0200(+1.67%)May 26 3:33 PMEDT