THE STREET HAD AFFY'S 8K FOR TWO DAYS AND RAN THE PPS UP, IT WAS VIEWED AS GOOD NEWS NOT BAD NEWS.
It is only Retail Shorts on Yahoo Boards and on Twitter that spread fear and panic in After Hours trading on Friday after the 8k news was two days old. LAMO!! Professional Traders took long positions on AFFY, Option Traders bought 9x as many Call Contracts than normal during those first two daysl.
This buying went on for two days up to the Regular Market Close on Friday. It was only in AH when Yahoo picked up the 8k news and posted it that Shorts started their lie campaign in an effort to steal cheap shares in AH. News Articles will say the 8k is good news for AFFY and that it clears the way for a Buyout.
What happened here is what is called a pump and dump. That's a fraudulent technique to transfer wealth from retail investors in ameritrade, etrade, etc. accounts to wall street thugs. Usually a stock is pushed on CNBC, seeking alpha, motley fool, yahoo board etc. as being on the verge of explosive growth due to buy out or something fantastic. Facts such as delisting are considered good news. Liquidations are even better. They say "look Affy went up 32%"!!!!!! Don't fall for it. The stock is about to crash, and you will just transfer 75% of your position to scammers who were short.
Also, if you're thinking of buying Affy consider the possibility that some investors who were long at $3 have already lost 50% and want to dump their shares to you before the stock looses another 50%. It's kind of like selling your used car that is falling apart to a naive guy by telling him what a great deal he's getting. We cal it fraud. Don't fall for it.