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Affymax, Inc. Message Board

  • thesavvymonkey777 thesavvymonkey777 Sep 8, 2013 7:06 AM Flag

    The BID/ASK Spread Here Is Expanding Lately Because...

    ...there are less shares available for trading. It's that simple. A lot of people are now starting to lock in positions that will be held on to firmly going into the reveal of the fate of OMONTYS by AFFY and Takeda. With the continued reduction of shares available to trade, you're going to see the BID and the ASK get further and further apart from each other during the trading sessions going forward from here, until the information that a lot of us are waiting for comes out.

    Spreads of $0.03/share are common in AFFY during the trading sessions lately. Look for them to grow to $0.05/share and higher as we go forward from here... IMO!

    Let me remind all of you folks again that there are only 37,500,000 shares of AFFY outstanding right now. This is a low float stock, and along with my shares, there are a lot of other shares that simply aren't available for anyone to buy right now because they are locked down for "The Binary Event" that is coming for this stock.

    Sentiment: Strong Buy

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