Bring up a one year chart for AFFY on Yahoo! Finance or any other financial website, look at the severe pullback that the stock has been through, consider the risks and the potential rewards going forward from here, and then after you do all of that, you'll more than likely find yourself with the opinion that any shares bought down here at these low levels is the stock market equivalent of a Blue Light Special.
Savvy, If I may add to your advise. Also, accumulate a DD sheet listing all the irrefutable facts and discoveries posted by maxdad01, maxdad001, and EXPstocktrader. There will also be plenty of references/replies to the basher trash(BTs) whereby you can flush their garbage. BTs continue to post half-truths, facts without relevance, challenges based upon fantasies that would boggle the mind of Don Quixote, etc.
The three above references are for the purpose of helping you keep the facts crystal clear, including risks and rewards. It is YOUR DD and your decision; however, you will be extremely grateful for the long hours and solid efforts of these professional posters who have give so generously of their knowledge, skills and abilites. There are other worthwhile posters and their input also is valuable. You will see them in the replies to the ones I have mentioned. Oh yeah, the basher trash will also magically appear but you will see they are empty noise. Jim
Stocks tend to go down when the underlying company has been rendered into an empty shell and headed towards the bankruptcy court. Especially in biotech where a the underlying company is a "one trick pony", like AFFY with O, and the drug has been recalled due to patient deaths and other patient safety concerns.
Maybe it is a one-trick pony. But the pony is gonna be worth a whole lotta $$$ if/when O comes back. It is undeniable....You are fooling yourself any other way. You are betting that it doesn't at all. That even though it helped out nearly 25,000 people, it still is too dangerous. That even though a powerhouse like Takeda supports O with $$$ and time/effort, the FDA still won't allow for its sale to patients.....After reading your post GWP, I am really convinced that it isn't I who is gambling here, it is you and other short sellers who are taking a HUGE risk in trying to sell the idea that O can't come back. I don't know when it's going to happen, but you are going to lose a lot of money. If these are your reasons for short selling AFFY, you are in deep poo poo......And I don't say that just because the stock has nearly doubled in the past 5 weeks. It's because of your reasoning, which is completely flawed.