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Affymax, Inc. Message Board

ustapen 9 posts  |  Last Activity: Dec 21, 2015 12:33 PM Member since: Jan 25, 2005
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  • Reply to

    Sold 1.55-.54

    by ustapen Dec 18, 2015 4:01 PM
    ustapen ustapen Dec 21, 2015 12:33 PM Flag

    And so glad I did seeing this topping action today before stock turns lower . Bearish sign unfortunately again has developed and confirmed. If we want to be objective, than there is place for to suspect the data are not going to be good or at least not good as it was hoped for.

  • ustapen by ustapen Dec 18, 2015 4:01 PM Flag

    Have bad feeling about this weird low volume session.

  • And higher volume usually indicates better time for the price of a stock. Here we have no buyers and a lot of sellers and that is bearish sign. I'm still holding it but put tight stop on this profit not to let it slip again.

  • ustapen by ustapen Dec 3, 2015 12:21 PM Flag

    is what makes me still sitting on sidelines. Too bearish in overbought condition stock makes bearish top confirmations with 50dma still declining every day . What is even worse, that 200dma is also in long term decline. RSI level can't get past 60% and that is consider by all means very bearish as well. Technicals do not show any further advances and of course "breakout" is out of picture definitely as some were hoping for.
    The fact is ,stock has been in steady decline since reaching high of 3.26 down to low of 1.61 and is only not even 15% above the low after more than 50% decline, stock would have to appreciate more than 70% from current price to reach July high and that appears to be something this stock will never be able to do.
    I expect decline to 1.70's today and more tomorrow.

  • Reply to

    Not god, $1.12 a new public offering now?

    by stearup Nov 20, 2015 3:15 PM
    ustapen ustapen Nov 20, 2015 3:28 PM Flag

    This is just another rumor , but rumor about ATM was as most thought just that especially after earnings where CEO talked about cash they have. We never know with those guys.

  • Reply to

    I sold today at 1.71 and some at 1.70

    by ustapen Nov 10, 2015 4:39 PM
    ustapen ustapen Nov 11, 2015 4:08 PM Flag

    And I am so happy I did. Today action was one of most disturbing as incredibly strong bearishness radiate from this trading. I'm leaning toward what I saw , there is some possibly heavy naked shorting behind of this very negative action. In my opinion, tomorrow stock will go to try recent low at 1.61 unless but that is slight chance only, stock stopped at 1.66-.65 . But according to what I saw yesterday and especially today, I think certain forces already know, there is sure indicator in phase 3 which points to phase 3 failure.
    Like or not, but this is prime example or copy of what is documented in the history of such activities we see here. Not good.

  • Reply to

    Expecting 236 events to be reached in Q4 2015

    by greedfear2001 Nov 10, 2015 5:37 PM
    ustapen ustapen Nov 10, 2015 6:41 PM Flag

    Wrong on all counts. Read again the transcript. That's one of reasons I sold today.

  • Reply to

    I sold today at 1.71 and some at 1.70

    by ustapen Nov 10, 2015 4:39 PM
    ustapen ustapen Nov 10, 2015 5:12 PM Flag

    Well, not exactly. 7% stop loss would be ok but if I would pay more attention to those red flags I would never bought this stock. I had ARTX while back and every good news was met by the very similar action like in CPXX but I was lucky selling in mid 3's after last spike. I hope this was my lesson for the next time.

  • I just couldn't take it any more. I lost 7% as that was my stop loss set. I was hoping it will not happen but it did today. Not very good day at all for me. I am disappointed in management the way they act.

0.0815+0.0200(+1.67%)Feb 9 10:31 AMEST