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Affymax, Inc. (AFFY) Message Board

  • mikeylikesit33_99 mikeylikesit33_99 Aug 25, 2013 10:47 AM Flag

    Let me solve GWP, TGC, and other shorts problems in understanding the longs

    Any long that doesn't get this, please post a reply and I know four people who would be happy to sort this out for you.
    Simple facts:

    - AFFY voluntarily took drug off market to investigate deaths
    - AFFY got under a dollar, which is about as expensive as a lot of options out there, so many longs bought shares since the drug has a decent chance of coming back on the market, maybe SubQ only, maybe after ID'ing a predilection to allergic reaction from the DNA tests, or maybe as is if human error is in play.
    - Shorts have been covering for months. Check the short interest slowly going down. So, it's not a 'pump and dump' like GWP states, it's actually his own Peeps buying the stock at higher and higher prices.
    - Finally, this is a binary event stock. You will either lose all or most of your money OR you will be rewarded with 2x, 3x, 4x, and as some have indicated over the long haul 10x your money.

    In summary, even a small $1,000 bet has the odds in your favor to win big. If you were at the horse track, you'd be betting on a longshot that happens to run much better in the rain than the strong horse in the race. The supposed long shot also happens to be in it's prime, where the competition has a few years more. yada yada blah blah
    In other words, the 'long shot' risk is mitigated quite a bit.

    What would you do in that situation? I'd put money I can afford to lose on the supposed long shot and probably laugh all the way to the ticket booth to collect my winnings, while the predicted winner came in 3rd and only those who bet him to place are collecting a few a nickels.

    Now, do you shorts get it? The new longs can't be scared out of the stock. We know it's a bet. We don't care if by some chance we lose. All the bashing in the world doesn't change the fact that this is a 100% binary event stock. We don't even care if you start shorting again (instead of the obvious covering you have been doing). I'll buy more at cheaper prices too!

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AFFY
0.12+0.0100(+9.09%)Apr 24 11:22 AMEDT