This is the NEWS: THERE IS NO NEWS. Someone is buying a lot because they know something OR they THINK they know something OR they want you to think they know something.
If you can guess which one is the truth, you will soon become rich.Time will tell which of the three possibilities is true.
Oversold RSI is way below 29
Corporate investors buying back in. Most have rules that say they cannot hold shares when they fall below $5 but I believe they can buy them after they've sold,
High call volume indicating a positive outlook.
Telegraphing possible good news for conference on the 14th of March.
Margin calls have been filled.
The rise tomorrow and next week may be Margin calls on the shorts and short covering or real good news.It's speculation, If there was real news it would have tripled or more.
I'm hanging on because even if it dips I believe it will rise pretty fast once it's sorted out..
I saw no other news other that another lawsuit was filed. However, stocks usually move first an then the good or bad news news follow. Small investors get todays news tomorrow or a few days later. Just follow the tape. You really do not need any other news. The tape is your friend.
I am hearing different things, Credit Suisse notes after AFFY presentation looks positive, Benzinga reports Fresenius person made positive comments about $AFFY 's Omontys at a CS conference, rumor on the biotech network that their drug can be re-administered and to people who don't have an allergic reaction, All positive, just enjoy the ride.
We will know soon, but if it was bad news we wouldn't have shot up 50% with 45 M volume.