just exited yesterdays purchase.......feel lucky to have zero loss. still holding pre fda approval shares for long long long term. the drop is predicated on "trial evaluations".......... once fresinius expands affy contract to more facilities.......... affy should increase notably in mkt cap. i like the long term hold here. the short term is iffy to me based on wall street behavior on news.........
looking behind the short term veil however,,,,,,,affy has good chance of being winner in sector.
Those 17.70s where I sold and some of you didn't like it because you saw it as buying opportunity instead. Unfortunately they didn't meet the bottom line and price will have to go lower I'd estimate to 16.60's or pretty close around there. If expected news would be good, than all would be change of course. But so far we have 2-3 weeks to that point of to hear or see some such news.
17.33 is the line in the sand, but I have been selling. Sold 2500 shares kept 4000. No volume and no news. There is support but 16.40 and then 15.25. That is just too much risk for me to try to average down, hope I am wrong but something has changed here.
Always good to have 'dry powder' ready to fire away.. a severe break of the 200 day ma but you never know? needs to get back and stay over $18.00.. good news will help but I do not believe this is a $250M - $300M a year drug.. still be tested.. anyways I always wish everybody the best of luck.. I hate to see people lose money.. and I hate the people that seem to enjoy it.. I have been there too many times.. I was +$16k on AFFY last year but -$4k this year.. overall +12k.. I am having too good a year so far and want it to continue.. SPWR has been my biggest one so far..