Morning Market Losers

Affymax

shares dipped 57.19% to $1.25 after the company announced its plans to lower about 75% of its workforce. The company is considering all possible alternatives, including bankruptcy proceedings. Harvest Natural Resources

dropped 39.89% to $3.30 after the company reported that it is unable to file its Annual Report on Form 10-K within the prescribed time period. MER Telemanagement Solutions

fell 37.37% to $3.15 after reporting Q4 results. Star Scientific

shares lost 18.03% to $1.6230. Star Scientific shares have dropped 43.75% over the past 52 weeks, while the S&P 500 index has gained 10.43% over the same period.