biotech is HOT!
- Thread starter bat1
- Start date
I dont understand. It does that much volume and I do not see any news. I cant see a dead cat bounce with this many shares traded
But then again what the heck do I know
03-07-13 12:37 PM
Well I guess we finally got the bounce in AFFY
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Quote from gimp570:
Yes biotech is fun. Nothing goes up like a biotech that gets a drug threw, but the down side is huge.
Just look what they are doing to AFFY today.
Biotech stock can change your lifestyle in 2 ways both good and bad.
I guess if you buy this one here you do know your downside
2.50
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But then again what the heck do I know
03-07-13 12:37 PM
Well I guess we finally got the bounce in AFFY
--------------------------------------------------------------------------------
Quote from gimp570:
Yes biotech is fun. Nothing goes up like a biotech that gets a drug threw, but the down side is huge.
Just look what they are doing to AFFY today.
Biotech stock can change your lifestyle in 2 ways both good and bad.
I guess if you buy this one here you do know your downside
2.50
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Steady buying all day.... might be tradeable going forward.
I'm glad you brought it up; I lost interest in it after a few days.
I'm glad you brought it up; I lost interest in it after a few days.
AFFY went from the 2s to above 4 in a few hours then staight down after that. I think I am wasting my time following these pigs. They might have earning on thursday 3/14. I cant see how they cant be horrible.
Its just a stock that was trading 27 a few months ago now trading 2. kinda make you think
Its just a stock that was trading 27 a few months ago now trading 2. kinda make you think
The pattern for these sub-$5 stocks seems to be:
1. flat base, dead
2. five waves up
3. three waves down
4. dead
1. flat base, dead
2. five waves up
3. three waves down
4. dead
Well you might be right but AFFY only had one really BIG wave up and a bunch of small waves down. (since it imploded) Could mean that this is a weak puppy.
I guess if you want to gamble on this one the best thing to do would be just buy a couple of thousand shares and check on it in a couple of years. Your down side is only a few thou. hoping for a big upside. I have seen terrible moves like this and then right back to the 20's. That is rare and might just be wishful thinking
I guess if you want to gamble on this one the best thing to do would be just buy a couple of thousand shares and check on it in a couple of years. Your down side is only a few thou. hoping for a big upside. I have seen terrible moves like this and then right back to the 20's. That is rare and might just be wishful thinking