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Affymax, Inc. (AFFY) Message Board

  • omnesion omnesion May 18, 2013 11:11 PM Flag

    You guys ... this is, at the very least, dead money for now ...

    The volume is gone. I'm not saying the old gal can't run again in the future, but it's not going to be anytime soon. I sold CERP and several other positions to play AFFY the week before last and it paid off nicely for me, and I might do it again if I see the volume pick up again and notice that they're churning shares, but right now there's simply no catalyst for a major upwards move. CERP, on the other hand, has ER and CC on Monday, and it released an 8-K with some VERY good news in it on Friday in AH. It's looking like this coming week could see at least a 200-300% move up for CERP, so I'd put my money to work there instead of here (obviously, since I am). I'm not bashing or pumping any stock. Just letting some of you who I got to know when I was scalping AFFY about an opportunity to make some or all of your money back. GLTA.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Bashers starting in on the weekend, they seen the volume spike at the end of Friday and know its going to be another high volume week. So predictable.

    • I am going to look into CERP. you have got my attention.

    • In my opinion it is a matter of when it runs again?.
      I agree that this is stale for now; and I have missed a few other opertunities having funds tied up here. - But the problem is that there is a possibility of a buy out and we don't know where they are at with the investigation. News of either one could come at any minute and I do not want to miss it. I have left a small but not insignificant amount invested in some shares that I will hold and keep an eye on. Other than that I am moving on until real news comes.

      • 1 Reply to jeremyrobertscheel
      • I understand, man. I did the same thing with TZYM for 3 months. That was one I sold to play AFFY and decided NOT to reenter. And your thinking will always be that you don't know WHEN the BIG event will happen, so you hang on and hang on, but if you step back and look at things from an objective point of view, it becomes pretty obvious that you were just trying to convince yourself of something that had little chance of happening, all because you didn't want to either take a loss or miss a boat that was probably never coming. That, in a nutshell, is playing the stock market. It's ALL about timing. And I'm just sharing some fairly certain news with people who, I'm almost certain, have taken a rather large loss on this particular stock. But it's up to you guys. It's advice. Take it or leave it. Either way, I wish you luck.

    • But for Pete's sake, do your own DD on CERP. I don't want to get blamed for anyone's losses or have people accuse me of being a board clown again. I'm in this game to make money. Nothing more and nothing less. Do whatcha want.

 
AFFY
0.634-0.007(-1.09%)Apr 17 3:57 PMEDT

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