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Affymax, Inc. Message Board

  • jagan1961 jagan1961 Sep 19, 2013 9:44 PM Flag

    52000 Contracts at various Levels - Backup will be gone slowly once the Option expires!

    All this shortie strength comes from these backups. They hope to cover the short position by taking this lower and lower. Today with almost 13-14% down, the stock came back and closed at 3 cents lower.

    The volume is just a mln shares.

    Right now there is no value for these contracts, since many brokerages won't allow you to buy the calls, only close out positions. Their entire trick is failing and it is not many hedgies, it is just only one where this fraudwin works.

    I'm unmoved with this trend, ultimately my hope is Takeda is not walking away with an approved Drug.

    Yes competition might come up with Mercera, however everyone needs to compete in the market place. They will find a way to resolve the issue, I'm 100% confident, that is why I'm in and not moving an inch.

    It is all about individuals perception and his ability to withstand these swings.

    For a long the max loss is what they paid! For a shortie it is unknown.

    If tomorrow comes back and release a PR stating that they have filed an amended administrative procedure with FDA, the stock will shoot up 5 fold instantly. The news can come up at anytime.


    Sentiment: Strong Buy

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