I am new to this stock (holding 2 weeks). However, I remember seeing an article in Seeking Alpha that said there was bullish call option activity surrounding this stock. I guess some of these option buyers expect something good (buyout, earnings) to this company. Who knows? But I hear you....only had it a short time and am already frustrated with price action.
Also noted that some institutional-size put blocks are being sold here. Implications: Some big boys thinking that it has reached its nadir point now... and only UP from here! Won't be surprized to see it end the year around $15-20!
Affymetrix's intellectual property alone is worth some 2 billion dollars, to a potential acquirer at this point. Going it alone, it would take another co. at least 3 years, no matter what amount of man-power they put behind a project... as in this industry, there is no magic-pill for the time invested in a project and AFFX has already done that! Now, its the reward time! As I mentioned earlier, won't be surprised if it ends the year around $15-20!