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Biotech / Medical : AFFYMETRIX (AFFX) -- Ignore unavailable to you. Want to Upgrade?

To: Paul Weiss who wrote (709)	6/3/1998 3:35:00 PM
From: lnkennedy	Respond to of 1728

the market's afraid of it's shadow, as it should be with the coming earnings season peppered by asian malaise. affx however has a long road ahead and is at the best price in a year, altho it could get a little softer before recovering. the last time i waited for it to drop below 25 it stopped at 26 and recovered. remember you're still buying the future, this stock has a p/e of infinity. not a good buy for a traditional value hunter. i picked up a little more today; rather than wait another year for a better sale. good investing. lnk

To: Paul Weiss who wrote (709)	6/3/1998 3:54:00 PM
From: jabbo	Read Replies (1) \| Respond to of 1728

The same reasoning of a double bottom is what kept me from selling this stock. I also agree that this should be viewed as a long term investment but is hard when you see a stock keep droping instead of rising to infinity....(then again we know that below zero the stock can not drop). As I write this the stock tested the below $24.00 threshold, I hope this the lowest low we will see for the year. Those shorts could help by covering... I read that there was a negative article on Forbes... could this have such an impact in this co? regards