In the last 4 months, AFFY has been subject to 3 spectacular rises and falls some could describe as pumps and dumps. We have witnessed the fourth and latest rise in AFFY's share price to $2,03. Who knows how long this one lasts. It could be followed by a sudden and spectacular fall in share price in the near future.
1. On May 7, 2013, the Exp published his 1st article: "Affymax Could Be the Best Reversal Play for 2013". It coincides with AFFY's rise from a May 6, 2013 low of 83 cents to high of $1.95 on May 9, and back down to $1.27 low on May 10. On May 7, AFFY's volume was 627K shares. In the next 4 days between May 7-10, AFFY's volume was 125.8M shares - 3.35 times its entire 37.5M issued and outstanding shares!
2. On May 28, 2013, Exp published his 2nd article: "Affymax Is Still Alive". It coincides with AFFY's rise from a May 29 low of $1.34 to a high of $2.08 on May 31, and back down to a low of $1.02 on June 6. In the 4 days between May 31-Jun 6, AFFY's volume was 86.67M - 2.3 times its entire 37.5M of issued and outstanding shares!
3. On July 25, 2013, Exp published his 3rd article: "Affymax: Huge Speculative Upside with Near Term Risks." It coincides with AFFY's rise from a July 24 low of $1.12 to a high of $1.80 on July 30-31, and going back down to $1.40 on August 5. Once again volume was unusually and significantly higher, but it was not as spectacular as the previous two discussed. AFFY has since formed a base of $1.60 per share virtually unchanged until August 23, 2013.
4. On August 24, 2013, Exp published his 4th article: "Affymax: Putting the Pieces Together." It coincides with AFFY's August 23 Friday "spike" from $1.60 to $1.78, then to Aug 27 $2.02 and now we are back down to $1.70.
Does anyone else besides me see a pattern here? Does AFFY's share price rise and fall on fundamentals or on something else?
Maxdad asks What AFFY Pump and Dump? Maxdad says he hasn't sold a single AFFY share. Maxdad says he has many years experience as a Goldman Sachs and JP Morgan biopharma expert. Maxdad got his label Judas Sheep for a reason. Maxdad says AFFY is a binary event stock. Maxdad says the risk of buying and holding AFFY shares is not significant. Do you believe Maxdad? Do you think Maxdad may be gathering another flock of credulous newbie longs for the AFFY financial slaughterhouse?
Lol! Best you can do? Attack the messenger and not the message itself? Maxdad says he has many years of experience..., and what do you claim yourself to be? You think i should believe you over md? You, who actually is trying to lead me to the slaughter. When did md say the risk of buying and holding is not significant? As far as i know md has pretty much been saying it's an all or nothing event. I think i can interpret for myself that that's pretty risky.
Whether a stock runs, then fades after an article is written is not my doing. Stocks do fluctuate on news and information as in the case of my last article on Rockwell Medical - RMTI in the $5's....soon went to $11.00....drifted to $9.00. Did I do that? No. Stocks move on the progress of a company's actions...success or failures which are completely out of my control.
The delay can only tell us that Takeda is working on a solution otherwise why bother?
Stay tuned and lets see how this gets played out.
Unlike the AFFY shell facing literally hundreds of millions of dollars in litigation exposure, a failed drug and no revenues, RMTI is a real company. Yes, Exp even I made money on its rise, and also on its fall. It is far removed from the AFFY scam.
Well. The 4th time wasn't the charm. Maxdad is back. I expect his crony Exp will be on the scene, too. It looks like the 5th pump and dump is about to begin. Are you sheep ready for Maxdad to take you up to the financial shearing, skinning, gutting and butchering while he cashes out and laughs all the way to the bank on classic pumps and dumps.
The GREAT IRONY of your personal attacks on me is that it is your BASH TRASH WHACK PACK that has done 100% of the "shearing" !!! I'm still as convinced as one can be that Omontys is coming back and that Affymax will be acquired by Takeda and YOU WILL GET DESTROYED if you remain short...but what the hell do I know, I only worked on such things as a Pharma Industry Merger and Acquisition Investment banker for over 30 years versus your decades of ambulance chasing legal practice.
....is highly applauded for "his" recent hit. Nobody speaks about his turd VVUS and how that junk that he has incessantly pumped in SA keeps falling. It must be the great fundamentals that will drive AFFY to a dollar again. His witchcraft fortune telling is no better than that of an average Joe, hence he falls under Joe the Pumper title. I bet he'll be quiet when it happens.
My favorite one was a couple of months ago when the pony-tailed clown on CNBC hyped AFFY on Friday like it was some great thriving company. Pump worked perfectly as the price spiked higher. It was preposterous because Affiasco was already a shell by that time. He sheeplishly retracted his pump on Monday but of course that was all part of the game. It is fun to observe. I am actually learning quite a bit about mass psychology, fundamentals, and WS games.