Stock is worthless, blah, blah - 2days in a row 1.71-1.72, today 2.20-2.25, watch for it?
For longs the loss is the purchase price.
For short the loss is unlimited. Did I could 10 MLN reported shorts, LOL!
Let us wait how many shorts will go to bed tonight, without coverting their short position.
Long weekend almost 7 month in their investigation.
It's covienient that 4 recent post from Alpha state AFFY is worthless , than its not etc causing major swings in stock price. I bought 10,000 share when their first report came out at 1.68 and did not worry when it dropped on Wed. Yesterday it began to recover than bam, another worthless reporting from Alpha. I did not think for a second to sell my shares for a profit at 1.74. The stock is a strong buy !!!
Technically you are correct that a loss is unlimited, however the most you as a long can lose is your investment. The short can lose multiples of theirs, so I would much rather be in the long side of the equation when it comes to these low cost stocks, especially with the potential as dictated by historical prices if this comes back to market.