Fidelity has the day low at .81 cents. The only other explanation is that AE covered at that price and bought it back so he could write another article telling us "I told you so! See now it hit my price target of .44 cents!" LOL.
The key words are when and if, in terms of any positive news. I have been in this stock on and off, mostly on, for almost 2 years now. Not having Takeda give any updates on the course of the investigation gives the upper hand to the shorts. With the absence of any real news it is easy to manipulate the share price to the down side, as the path of least resistance is down. I am not out completely but don't like the action in the stock, that is why I would rather pay up than down in terms of share price. I think if the selling is nearer the end then the share price will move incrementally to the upside, not in big chunks but slowly in the absence of any real news.
I must confess I did sell down here to buy 3 biotechs. DVAX, ACHN and ZIOP. I am at the point where I would rather add at higher prices than lower. The news vacuum and apathy have created a bad situation for the stock, not to mention the concerted effort by AE to drive it down as much as he could with his negative articles. I have just made up my mind I will buy if it goes up over .90 or 1.00 rather than down here, to close to a place where there is no support below.
Tom have you read the reply to AE from Walk the Talk? He raises a number of valid counter points to AE last article. Still no reply to it by AE which is unusual for him, he usually has a counter argument for everything.
Something about concerns supposedly over side effects of their drug Kyprolis. It can be found in news items today search AMGN.
You really believe that AE negative articles had no effect on the stock? It fell under its own weight? You are kidding me right? That is completely absurd.
I suppose just as AE used his 5 negative articles to help his short position moving it from 1.85 to .80 cents. News vacuum helped become a self fulfilling prophecy for him.
Never fear Alpha Fraud is here! Another 5 articles before the end of the year and it will hit .44 cents for sure!!!
It is interesting to note in the comments section of the article there has not been a reply to Walk the Talk's comment by AE as of yet.
Quite frankly that is why SA and AE have become an embarrassment because of this, which I assume is why AE last article got no coverage by any of the usual news sources which had published his pieces before.
Thanks I read the comment as well. I pointed out that there were at least 3 deaths with multiple drugs considered to be suspect besides O. It is good that someone did dig deeper into the report to point out several inaccuracies in AE analysis as per usual. Of course the shorts like to poo poo these and gloss them over when people have pointed these out.
Thanks for the reply. Have you tried to contact either Takeda or Affymax lately? They seem to be letting the blogger AE dictate what goes on with the stock action for awhile lately. Would be good to have some sort of update one way or the other after 10 months. Otherwise they may let it hit his .44 cent price target.
Interesting action in as much as some big blocks have traded today. 111k on the sell side, 40k, 50k and 67k on the buy side. Wonder if that was Maxdad further liquidating with that big block.