This is not a stock to put big money in, it's more of a hold until it makes or folds. It has a very wide flap range, crazy bid/ask spreads, hard to exploit the flapping in size, so have not tried, just sitting on it. It put in a double bottom in 4Q 2011, has been in overall uptrend since then, but it had a big pump/dump in 4Q 2012, so if you added any then, you got some poison in the position cost-wise, still no clue what was going on then. Sort of forming a diamond pattern now, the flap range has narrowed, but it's mostly due to some strange little transactions that must be commission-free else the commish is many times the stock value. Moovweb has a site, WNYN is listed on the developer page, some real revenues would really help and soon, have to get out of the sort of crowdsourced mode it has now.
But, should we worry? What else do they know? Is a punitive secondary on the way? Anyone that sells on a headline is selling, anyone who reads the content would likely buy. However, it roundeth over ....
They are partnering with MRK which seems to be poison for the valuation if you check some others in this situation. It rallies then a hidden hand chokes it down again, mebbe shorting it to help subsidize the millions of ED drug ads.
Anyone know if there is overlapping ownership for AFFX/Y ??? Maybe AFFY shell gets abandoned and remains go to AFFX ??? For whatever reason, these 2 were running in opposite directions up to last couple sessions, now maybe decoupling.
Affymax in the headline Affymetrix in the story. But they are back so keep the $$ smallish.
2012 is history but must take into account in share price trend which has been tracking those revs. Appears YHOO fin has through Q3 2013 posted for income statement, 4Q wasn't there and just wrapped up:
FuelCell’s net loss in its fourth fiscal quarter narrowed to $9.7 million, or 6 cents a share, from $11.3 million, or 7 cents, a year earlier. Analysts had expected a 3-cent loss, the average of two estimates compiled by Bloomberg.
Revenue for the quarter ended Oct. 31 rose 56 percent to $55.2 million, the Danbury, Connecticut-based company said in a statement after the close of trading yesterday.
.....So the only 'tards are the analysts and this loss is close equivalent to Q3 and who cares whether it's 7 cents or 3, wherever that 3 number came from, revenues are tracking nicely and should be discounted positively going forward. But as I say from time to time, the hourly trading is always idiot's delight, must be a 'tard to enter.
Did anyone notice that AFFX, which has had a nice solid uptrend, took a little sudden dipperoo yesterday, while pulling back in mirror image to the daily upticks in AFFY? It is now trying to make full in-trend recovery as AFFY tanks. Anyone know what's with that? Some legal entanglement, or maybe AFFX comes to the rescue here?