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Affymax, Inc. Message Board

highlowsel 1319 posts  |  Last Activity: 17 hours ago Member since: Feb 26, 1998
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  • highlowsel highlowsel 17 hours ago Flag

    Okay....too far way faster than I thought....I closed at $14.02 my ~$4 core position. I've no problem in re-entering if this stellar run continues...but bird-in-hand discretion dictates me taking the profit here. G/L.

  • highlowsel highlowsel 20 hours ago Flag

    Well....let's just say I'm prayin' for $16; and will burn incense at your altar and give hosanna praises to your name if it does so fairly quickly. Why? I'm hold a ~$4 core position is why. ;-)

  • Reply to

    on its way to 9 dollars

    by zgoldansky 21 hours ago
    highlowsel highlowsel 21 hours ago Flag

    Don't know from $9 but the anticipatory energy related to approval has certainly abated. The uptrend line from the ~$8.75 area has definitely been broken. So the overall direction, the path of least resistance, is now down. The very long term uptrend line, though, is intact....and it sits - today - at ~$9.10. So that's the span the mischief-makers have to play with....that area (~$9. to $9.10) to ~$11. Current bid now $10.65. I suspect the bid will drift southward just because there's no reason to hold the paper....ummmm.....that being the reasoning of those just looking for a quick hit. I've got a low-ball single digit bid waving just under the expectation that a retreat back south of $10 is possible. It's a distinct possibility simply because despite the passions of those vested in this company the truth of it is the paper is thinly held and traded....more to the point...it's thinly traded...meaning it doesn't take much to move the bid all over the place.

  • Reply to

    . . . but Cramer said . . .

    by usasteve2 22 hours ago
    highlowsel highlowsel 22 hours ago Flag

    Nah..not ugly. It's BAC.

  • Reply to

    With the IBB   ·√ⁿ

    by roshpina1882 23 hours ago
    highlowsel highlowsel 22 hours ago Flag

    Indeed....though if truth be told everyone should just relax. This one ain't really going anywhere between now and October....though I suppose there's always the possibility the Fed could surprise and sanction them sooner than 6 months from now. But what am I saying! This is the guberment I'm talking about. If their business was grinding wheat they'd be all about grinding it exceedingly fine, eh? It is what it is. My tactical game will be to play trades on overshoots in either direction....with a percentage of any downside overshoots going into an intermediate term basket for eval in November...

  • highlowsel highlowsel 22 hours ago Flag

    LOL! Not a bad move that one. I'd been waiting on a short side opportunity in AMZN. Got it this morning. The valuation on that one is just this side of stupid. Well..truth be told...it's the far side of stupid. But I'm not one to argue with market forces. I just play off what is given. Speaking of given...OPK bid back at $10.88. I don't really have any expectations of immediate glory...either up or down....nor any for most of the summer given the October targeted expectations. I do expect to see plenty of mischief...like that which occurred over the last 30 minutes (for those who didn't watch the bid floated from ~$10.81 to ~$11 and then got hammered back to .81 in an eyeblink amount of time). The equity will be in that sort of play most likely from now thru end of year....

  • Reply to

    PM Bid $14.79

    by highlowsel Apr 29, 2016 8:57 AM
    highlowsel highlowsel 22 hours ago Flag

    My $14.56 bid got gobbled...so I'm in for another buy side trade. Okay Pooch..you can run now.

  • Reply to

    With the IBB   ·√ⁿ

    by roshpina1882 23 hours ago
    highlowsel highlowsel 23 hours ago Flag

    The bid looked good there floating towards $11 didn't it? Right up until about 10 minutes ago when the sell side started dropping ~50K shares on the bid...almost in "at market" fashion. Result? WHAM! Bid $10.81. Now .83. Did I ever mention in other postings that I expect mischief, and that the news regarding October simply opened the doors to the mischief makers? Well...to quote an old movie refrain...."They're hhheeeerrreeeee!" ;-)

  • Reply to

    MU 12.20 Up 0.64(5.54%)

    by rjmcbear Apr 28, 2016 11:17 AM
    highlowsel highlowsel 23 hours ago Flag

    Yeah....and market mavens and "experts" bemoan and castigate the "layity" for not wanting to buy and hold "forever." I know some folks can't track an equity with a trading mindset but MU is but one example of how badly flawed the buy and hold mindset is these days....

    Speaking of such....bid being slammed northward off the (current) low....now $11.27.

  • Up, down. UP, DOWN! Ever get the impression this paper is being churned? Now back looking at a buy side trade here but want to first see how that ~$10.50 to ~$11.30 upside gap of April 26th plays out. There could be more downside before its resolved. Let's see....

  • Reply to

    PM Bid $14.79

    by highlowsel Apr 29, 2016 8:57 AM
    highlowsel highlowsel 23 hours ago Flag

    I think you'll recoup so long as you didn't extend yerself into any sort of margin-related pinning. But as is usually the case with equities like this....you'll have to be patient and wait on the upside of the never ending churn....for now it's messy....and the impetus is to the downside so I am favoring short side plays all across this market universe. Note our conversation from yesterday....

    Bid $13.62 and the Dow, too, is off over 100pts...

  • Reply to

    PM Bid $14.79

    by highlowsel Apr 29, 2016 8:57 AM
    highlowsel highlowsel 23 hours ago Flag

    By the way.....whenever the Pooch spends any time in a channel you can dam near take to the bank that when he leaves said channel he will do so in downside fashion. Case in point? Today's action. It's a bit early to say yet another channel resolves itself in yankage (of the bid) but...for now...it seems to be setting up that way....again....

  • Reply to

    PM Bid $14.79

    by highlowsel Apr 29, 2016 8:57 AM
    highlowsel highlowsel 23 hours ago Flag

    Bid $14.61 and enduring a full scale assault from the sell side. Typical behavior and action. As BAC_Trader noted I suspect $14.50 is the target area...and if that breaks then....well...$14.teens anyone?

  • highlowsel highlowsel 23 hours ago Flag

    My WAG is you're going to see your $14.50. The bid is being continually undercut by all the usual selling....Master is walking the Poochie back down....I suspect he's aiming at closing that small upside gap that opened back on April 20...the one from $14.45 to ~$14.60. This will also bring the Pooch back to testing the uptrend line from the ~$13.29 level of March 29. Two tests for the price of one yank!? Anyway...be mindful that if that uptrend gets tested and breaks....well....south of $14 ain't out of the realm of possibility....and most certain a test of the $14.teens would be back on the table for consideration. Let's see what happens. Bid now $14.65

  • highlowsel highlowsel 23 hours ago Flag

    Flying: What person would bet? I dunno...let me hazard a guess.......traders? ;-) It has nothing to do with the product. In the trading game the rational is seldom one so esoteric as to the merits of the company or product (heh). It's all about perception and TA. Minute to minute. And for now the perception is that product introduction delays will translate into a soft/chaotic pps movement. Traders love chaos. Ummmmm....just my thoughts. I could be wrong.

    Current bid $10.81.

  • Reply to

    PM Bid $14.79

    by highlowsel Apr 29, 2016 8:57 AM
    highlowsel highlowsel 23 hours ago Flag

    Bid looking to start session at ~$14.73...I'm going down and waving a bid just south of .60...

  • highlowsel highlowsel 23 hours ago Flag

    Oil and my plays there up and doing well. Go figure...oil/energy gets crush so, too, the Pooch. Oil/energy's go up and....nah....Pooch waddles downward...

    Let's see how it plays. Bid now $11.73...I suspect we'll see the mid .50's get hit shortly after open at this rate..no reason for it...but then again...there seldom is...

  • Reply to

    MU 12.20 Up 0.64(5.54%)

    by rjmcbear Apr 28, 2016 11:17 AM
    highlowsel highlowsel 23 hours ago Flag

    Yup...the trend is up....mildly. The only thing I'm playing off is the fact that though on that mild uptrend line it has still not been able to get conclusively north of the ~$12 line since early January. So that's a key set-up line. Buy whenever the pps is well south of it. Sell (and go short if that's your game) whenever the bid goes north of it or gets near it. Over and over and over again. That's the set-up that seems to be working until such time as it....doesn't? ;-)

    G/L.

  • Reply to

    One republican called another republican "Lucifer"

    by mr.cheyn Apr 29, 2016 8:03 AM
    highlowsel highlowsel 23 hours ago Flag

    Just another sign of how the decorum in the political arena is eroding away as fast as a snowball in the Arctic on a summers day? ;-)

    Wonder how long it'll be before we start seeing our Senators and Congress folk demanding the swapping of each others spouses and such in return for favors? Hey! When in Rome!? Heh!

    Meanwhile..PM bid now slipping at $14.77. Looks like a churn back into the mid $14's is setting up....the channel is resolving itself...and once again it's doing so by breaking back to the downside...

  • highlowsel by highlowsel Apr 29, 2016 8:57 AM Flag

    Testing bottom of channel. Let's see if Master yanks the Pooch lower.

AFFY
0.0821-0.0079(-8.78%)Apr 29 12:01 PMEDT