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Affymax, Inc. Message Board

  • beachinv beachinv Apr 17, 2013 12:29 PM Flag

    Funds that are short are smart....

    They know that in these situations investors get emotional and see stock under $1 and think that it is game over - they will push the weak hands out and get shares as cheap as possible. Then wait for better news. In this case anything other than bankruptcy will drive this stock much higher. Just look at recent examples - they said PPHM, KERX, ACAD all had possibility of going bankrupt - they all survived. Just weather short term storm and weak hands and you will see some light at the end of this tunnel imo....

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    • This also tipping point for shorts as they have to make bet if they think it has shot of surviving then they have to cover at these levels. I also gauge this factor with my friends who are short. Some think it may go lower based on dynamics of breaking $1. A few are covering here because they don't think it will go bankrupt and they have already made lots of $ from their short and not worth the risk of any positive news.....

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