Past AFFY stock holders

[gambler2075]

AFFY running. Target 1.50's

[gambler2075]

Darnit, AFFY and FNMA both running at the same time, lol

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[gambler2075]

Correction, 25K shares of AFFY.

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sold +2800$ 1.36

[gambler2075]

bot FNMA here 0.643
50k
slow fills

for a quick flip

[gambler2075]

Sold 0.652 +400

[gambler2075]

Oops. Bought back 25K AFFY at 1.338

[gambler2075]

Argh FNMA is just torturing me... rebought 50k at 0.5449. Target 0.75

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Just hit 0.75 exactly...

[gambler2075]

Oops. Bought back 25K AFFY at 1.338

Darnit, sold at 1.365 +700

[gambler2075]

AFFY at 1.38
Ordinarily, I would buy at this point, but not certain when the tide will turn and people will fear BK this weekend. It will probably still run a bit from these levels, but to be honest, I am afraid of holding any stock that could declare BK overnight... it doesn't have to be sunday.

FNMA the play is over... should have stuck with my original plan and bought and held til 0.75...

APPA I should have rebought... but oh well. hit 0.40+ today but I am done with that play.

DCTH was the bottom as I called this morning, at least short term... I think the best way to play it (if I were to play it, and this is not trading advice) is to sell 2 days before the briefing docs come out (Apr 30 for BD's, maybe sell apr 28th)... At least that is what one of my professional trading buddies is doing.

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[gambler2075]

Wow, forgot the stock market is closed on friday... definitely not going to hold AFFY through the weekend.

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[gambler2075]

Wow, forgot the stock market is closed on friday... definitely not going to hold AFFY through the weekend.

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BTW, this might be the pre-BK runup in AFFY that many stocks tend to have... suck people in and destroy them on sunday with a BK filing. We will see.

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[gambler2075]

+9400$. Have a good weekend, all.



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[gambler2075]

No plans to hold DCTH through adcom.

FML on APPA. CRL was BS. I'll double down on this.

So... just to clarify... are you saying you won't hold through the ADCOM (May 2) or you won't hold through the briefing document release prior to the adcom (2 days before, so Apr 30)?

Because, just as TTNP was destroyed on the briefing document release (check the charts a week or so ago) but got a positive adcom vote (making me 79K$) then so might DCTH... I would not under any circumstances hold through the BD release. But I would buy after the release, if the pps gets destroyed enough and I think they could still get a positive adcom vote (like I felt on TTNP).

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[Slug]

I like the advice to avoid the briefing docs too.

[gambler2075]

I like the advice to avoid the briefing docs too.

I can't remember what biopharma site it was from, but I remember reading an analysis of pps action after briefing doc release... they looked at about 50 cases and found that on average, it was a terrible idea to hold through a BD release... the average return was something like -30% or so... very rarely would it be a positive, as BD's are supposed to reflect the FDA's concerns about a stock. However, you have to look at the PPS action before the BD... if DCTH gets pounded down to 1.50 before the BD's then it probably is a buy... but if it runs up to 2.70 then it probably is a sell. All depends on what people are thinking leading up into the BD's.

Anyway. If AFFY doesn't declare BK today (probably won't) I might consider a play at the open on monday to capture any positive momo continuation from friday. We will see.

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