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Affymax, Inc. (AFFY) Message Board

highlowsel 743 posts  |  Last Activity: 44 minutes ago Member since: Feb 26, 1998
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  • Reply to

    PM action

    by highlowsel May 14, 2015 8:34 AM
    highlowsel highlowsel May 14, 2015 9:48 AM Flag

    Make that the path of LEAST resistance...I should proof-read before hitting "post."

  • Reply to

    PM action

    by highlowsel May 14, 2015 8:34 AM
    highlowsel highlowsel May 14, 2015 9:48 AM Flag

    Nest: Agreed. Current action seems to be indicating the path of resistance leads the pps higher. But let's see. Bid now $16.57

  • highlowsel by highlowsel May 14, 2015 8:34 AM Flag

    Bid running at $16.54 with last sales action proceeding apace. Let's see if Master is setting up yet another session opening YANK or......not?

    Highlow
    American Net'Zen

  • Reply to

    PM bid once again back at ~$106.10 level so far

    by highlowsel May 13, 2015 8:14 AM
    highlowsel highlowsel May 13, 2015 3:58 PM Flag

    5 minutes left and the answer is the bid remains firmly committed to the channel. $106.37. I closed out my trading tranche a bit south of $107 when it looked to me that a p/b was setting up....wont try to short to play yet another downswing as just as sure as I do that'll be when it explodes....I'll just patiently waiting on the next buy side set-up....

    Highlow
    American Net'Zen

  • Reply to

    Bid $16.43

    by highlowsel May 13, 2015 9:36 AM
    highlowsel highlowsel May 13, 2015 1:25 PM Flag

    Bid now once again back at $16.47 (after trying to go north of .50). I won't even pretend to get excited until it gets out of this sideways grove it's been digging. For now it's clear (to me $16.50 is the strong resistance ceiling...

  • highlowsel highlowsel May 13, 2015 1:13 PM Flag

    They are not "set up to punish anyone that wants to try to get off of them." If people want off, they get off. Period. That said, file the whole mess under the Law of Unintended Consequences. This Law pops up all the time....not just in guberment circles but also in commercial enterprise circles, too. Just like the explosion of the financial WMD's in 2008 known as CDS's and all the rest....nobody ever really knows how things will go until things go wrong...

    The nature of government "safety net" mechanisms, just like with subsidies of all sorts, is that they take on a life of their own. When that happens it's dam near impossible to change them or shut them down. Even when they've become an obvious drag on the social system they were originally designed to support. This has always been a problem when any such "helpful systems." Always has been; always will....

    If you really want to cut to the chase in this discussion the obvious course of action for those who feel enuf of this is enuf is to stop all of it. Period. End of discussion. All it takes is the grass roots local state and fed political will. So...in a nutshell...it all comes down to you. You want it changed? Get involved, make your voice heard. If you can. If not, or your voice isn't heard (or is overruled) so it goes, eh? I hear they're talking about a Mars colony. ;-)

    Highlow
    American Net'Zen

  • Reply to

    Bid $16.43

    by highlowsel May 13, 2015 9:36 AM
    highlowsel highlowsel May 13, 2015 10:43 AM Flag

    I dunno...but see my last comment over on the thread....basically I'm watching for the break above ~$107.50 before gushing over more possible upside...

    Meanwhile did I mention BAC plodding along? Bid $16.43 on (for it) light volume...

  • Reply to

    PM bid once again back at ~$106.10 level so far

    by highlowsel May 13, 2015 8:14 AM
    highlowsel highlowsel May 13, 2015 10:39 AM Flag

    mfme: Play? Hmmmm.....well...the initial run for all intents and purposes took the bid straight to the upper channel at ~$107.50. It then rolled over and fell to ~$106.60. So the first attempt again failed....but..bid now $107.29....no....16. So as much as I'm enthused by the prospects of this one finally breaking out.....well...it IS GILD...and if you've tracked this one for longer than a cyber second you know it tends to confound expectations. Bottom line? I'll be satisfied if it can close north of $107.

    Let's see how it plays out...

  • highlowsel by highlowsel May 13, 2015 9:36 AM Flag

    Another day of plod plod chug and churn....well....GILD is off to the moon. And the oils are performing....so I'll just put watching BAC on the "low simmer" track as it's clearly not gonna be boiling today..

  • Reply to

    PM bid once again back at ~$106.10 level so far

    by highlowsel May 13, 2015 8:14 AM
    highlowsel highlowsel May 13, 2015 9:33 AM Flag

    And here comes the test of the upper bound? Bid $106.70 at open...now at $106.93..

  • Well...once AGAIN the bid is floating towards the top end of a very well defined (to me) channel. Let's see if the remainder of this week proves out as a break-out above it...or yet another "bonk head against upper channel and pull right straight back again." Also.....and I'm not saying it's related to the way the upper end of that channel has been....managed....but if past is prologue to future I expect to see the sell side camp launch yet another attack via all available media orifices poo poo'ing the merits of GILD (the company). Let's see what happens next. Disclosure...once again I've been holding a (new) trading tranch from the last foray into the ~$100 area...so consider the source...in any case my "sell" enter key finger is getting twitchy so following you can presume I'm followingn the action closely. ;-)

    Highlow
    American Net'Zen

  • highlowsel highlowsel May 13, 2015 4:55 AM Flag

    Hmmm...."A new draft agreement is coming soon with 22 new equivalent, countervailing measures to replace lost revenue while avoiding reductions in pensions. "

    Interesting....my only comment is a cautionary one. This is not "gospel." It is a speculative write-up in the Greece public news source (bankingnews.gr). The efficacy of it should be directly correlated to how often their past write-ups have been correct. Let's see if it plays out.

  • highlowsel highlowsel May 13, 2015 4:30 AM Flag

    Rlb: Leaving aside your bias I've got to note...."..I have seen this too many times when I rented section 8 housing"

    So you rented section 8 housing, eh? So you've directly benefited from guberment largess yerself. One from which yu moved on. Using you as an example I submit these programs are not "designed as traps." That's a ridiculously paranoid delusion concerning government programs. Do they have unintended consequences and abuses by some who use them? Absolutely. But nefariously and evilly designed as traps to ensnare, enslave, etc.? Jeeezus;...get a grip...

    Just sayin' is all

  • highlowsel highlowsel May 12, 2015 1:35 PM Flag

    Oh pulleeedez....not EVERYTHING is amendable to Political pontifications. It's APPALACHIA for cripes sake. You know....Deliverance country (if you understand the reference?)? It has nothing to do with the Big O....or any other recent admin, either. Appalachia has been Appalachia since....god knows when....

    No offense against anyone from that region...just pointing out certain classical aspects of American history (heh).

  • Reply to

    BAC least bad of big banks...

    by nestofweasels May 12, 2015 9:28 AM
    highlowsel highlowsel May 12, 2015 12:46 PM Flag

    Today is something of a noisy day from my point of view. The only concern is that on a 10day chart there's a clear double top in place at the ~$16.60 line. The bid has pulled back and is now testing (on that 10 day chart) the Fib ~38% retracement line (~$16.10 to ~$16.60 being the Fib range). The retracement line sits at ~$16.42. So...watch that line and how the bid plays against it.

    Regardless that double top is a mother bear to get on top of...since the year began that line has been tested, at various junctures, several times. So if you want to ascribe to a channel theory on that timeframe then the lower bound is ~$15.30, and the ~$16.60 being the top boundary....

    As for right now...well..in the time it took to write this the bid is being pressured lower at $16.37. That retrenchment line is breaking down. So..for now it's just another churn day with downside emphasis.

  • highlowsel by highlowsel May 12, 2015 10:42 AM Flag

    Have I ever mentioned I LOVE this equity as a trading stock? I know there are those here expressly aligned to the rah rah bah bah camps but......really....what's not to like in this (still) channel bound equity valuation? Say what you want on the pro/con merits the fact is over the last 6 months this one has been locked in a wide channel. Play it accordingly until market dynamics (and NOT this threads poster desires) dictate otherwise....

    Bid now $105.42. Maybe this time the upside pulse is for real...but until it gets north (on volume) $107.50.....well...did I mention channel locked?

    Highlow
    American Net'Zen

  • Reply to

    What a mistake for adults

    by jacksm78 May 11, 2015 11:07 AM
    highlowsel highlowsel May 12, 2015 8:32 AM Flag

    Sorry about that. I generalized.

    The rant's here about the Big O and his administration routinely throw out the much abused term "Socialist" this, and Socialism that. Basically ignorance splayed out for all to see.

    And.....as for guberment spying on you via Facebook, Twitter, Google and the like....weeeeellllllll....how is that any different than what those same (and more) Capitalistic bastions of Enterprise routinely do (to you) on a daily basis, eh? You trust 'em MORE!? (If so silly you)

    The only distinction I can see is whereas guberment might use your information, should you not be practicing the fine art (already) of subversion and such, to come at you for nefarious and "evil" reasons...leaving aside if you might just deserve such attention...as opposed to the Capitalists who take your freely given information and use it to maximize their self-interested profits,,,...all without paying you one thin dime for its use. Your data.

    Of the two? Well....somewhat tongue in cheek but....as a Capitalist meself I find the latter use more appalling than the former. You use my personal data? PAY ME FOR IT! It's that simple. Nobody rides Highlow for Free! ;-)

    Juuust sayin' is all.

    Meanwhile....PM Bid

  • Reply to

    What a mistake for adults

    by jacksm78 May 11, 2015 11:07 AM
    highlowsel highlowsel May 11, 2015 2:06 PM Flag

    Nest:

    From my point of view it has nothing to do with fascist kleptocracies...but say....what is up with that verbage? Socialists or Facists? You can't have it both ways yah know? Heh! Anyway....The other side of that coin is you actually COULD blame the ineptidue of WFC. Ineptitude because they know we the taxpayer have (always) got their back. So they're lax in their procedures. My sympathies to this posters plight...once you're caught up in the grindstone...well...it's a grind no doubt.

    Regardless, the next time folks squeal over Uncle Sam's involvement in the Financial sectors buzness I suggest you realize the reason Uncle is there is because we the taxpayers have for too long had their backs....well on since 2008....strictly speaking I'd LOVE to have Uncle walk right out the door and leave the sector alone....but that (also) means any shenanigans they get into...any (new) CDS WMD's they trigger...will be entirely their responsibility. If it nukes 'em...so be it.

    So....if that makes you too uncomfortable....well...let me introduce you to your new snuggle buddy...Uncle Sam....! ;-)

    Meanwhile...luvin' the upswing Master has so far allowed with da Pooch. Bid $16.55.

    Highlow
    American Net'Zen

  • Reply to

    ALL the big banks CAUGHT in Forex scheme.

    by equitiesexec May 10, 2015 11:47 AM
    highlowsel highlowsel May 11, 2015 9:44 AM Flag

    With the relaxation of the Industry, which began in the (first - heh) Clinton era, a relaxation that basically allowed Banks to morph into Brokerage and Hedge-type institutions and thus blending together risk behavior with the more staid and cautious typical banking behavior your pretty much guaranteed the end results would be such news items as this. And guess what? Who back's 'em, always, when they inevitable mess up? You, me, the American Taxpayer. Doesn't seem quite....right...does it? Heads I win tails you lose type stuff? And now when the industry is confronted with a taxpayer revolt...which is pretty much what this guberment involvement actually is....because taxpayers are tired of back-stopping bad behavior....welll...what's the Industries response? Why.....I think it's best summed by this:

    ''When faced with the need to change or to prove it isn't necessary, most people get busy on the proof.'' John Kenneth Galbraith

    So it goes I suppose. Oh...meanwhile.....bid $16.54! Breaking on thru to the other side of .50?

    Highlow
    American Net'Zen

  • Reply to

    Cartel back in full manipulation mode.....

    by hopechange4got May 7, 2015 2:55 PM
    highlowsel highlowsel May 8, 2015 6:39 AM Flag

    Equitie:

    There's nothing new regarding HFT's (and such) being in control. It's been that way for some time...over a decade in fact. When computational systems came down far enough on the cost curve, combined with wunderkin tech/software types leveraging their coding talents in pursuit of the usual greed and avarice this game strokes in humans....well...I read a datum somewhere, sometime back, that stated something like +75% of ALL the volume you see in the market, 75% of ALL of it, is generated by HFT's and their ilk. This means actual human involvement is a distinct minority element.

    For those who play this game and understand its merits, and what it was supposed to be doing...what it was originally crafter to be, this is a staggering indictment that the game isn't so much about Wall Street being a "clearing house" for publicly held companies seeking monies in pursuit of viable business strategies. It's become more a game that's about the profits engendered in the mechanics of the game itself. It clearly ain't in chasing valuations in undervalued equities representing companies pursuing viable businesses so much as it's chasing the no-brainer profit of rebates and kick-backs from the underlying institutions...and you get those no-brainer profits by churning on sheer volume. Do away with the rebates I suspect you'll see a decline in the volume...or at least the volume of the game becomes a bit more rational....and a lot less chaotic. But what're the odds the powers that be; those powers whose bread-n-butter it is to stroke those rebates by way of currying favor with their customer base, will ever, EVER, consider doing away with 'em, eh? Heh!

    All just my 2pennies worth of thoughts on the matter. Speaking of 2pennies...let's see what Master does to the Pooch today. Haven I ever mentioned chug and churn?

    Highlow
    American Net'Zen

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