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Affymax, Inc. (AFFY) Message Board

  • omnesion omnesion May 12, 2013 5:43 PM Flag

    Just a thought ...

    If AFFY does receive its $180 million royalty/milestone payment, and given the float of approx. 30 million shares, that's about $6/share. I would assume that this is the maximum price which AFFY can look forward to given all that's happened. Anyway, here's my thought: Given that such a large number of funds and institutions are in at much higher prices, it would make sense that the price manipulation we saw happen last week (all of the factors that caused it ... Zacks upgrade, conveniently timed SA articles, other news releases, and the obvious churning of shares, etc.) may continue. If you were a fund/tute in at $25-$15/share, you could make you money back by repeatedly manipulating the price swing by a dollar or more, shorting on the way down, and going long on the way up. It would make sense for them to do this if they know the price will never go back to the levels they bought at, and if that's what's really going on (it looks like it's happened twice so far, since the initial plunge from $16), I think we can count on it happening some more. I'm thinking I may ride this roller coaster for a third time if the price/volume feel right. GLTA.

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AFFY
0.22+0.01(+7.32%)Aug 29 3:27 PMEDT

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