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Post by boca1girl on Dec 10, 2019 12:25:21 GMT -5
Just sold shares with cost basis between $10-$22. My remaining shares all have a single digit cost basis but most are deep in the hole. If I had gains to capture, I would have sold more. Are you planning on rebuying shares once the wash rule is up to lower your cost basis more? The last shares I purchased were at $1.03 earlier this year. Any logical investor would say I have way tooooo many shares already. I’ll never say never, but I don’t think I’ll be buying more shares. My average cost basis is below $3 now and I still have many shares with cost basis above $5. I would have sold more shares now if I needed to offset more gains.
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Post by sportsrancho on Dec 10, 2019 12:39:04 GMT -5
I shoulda dumped and gone way more into PG&E (PCG). Story of a long term MannKind shareholder, decaying/dead money while markets reach new all time highs filled with missed opportunities. Yeah, unfortunately that's the double whammy. Not only do you lose due to declining share price and the desire to hold but also the opportunity you miss on other stocks. This is why I finally bailed. Dead money is a loss, it’s not true if you don’t sell you don’t lose. My problem was I thought we’d either fly or die...I bet we would fly and was dead wrong.
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Post by boca1girl on Dec 10, 2019 12:46:43 GMT -5
Yeah, unfortunately that's the double whammy. Not only do you lose due to declining share price and the desire to hold but also the opportunity you miss on other stocks. This is why I finally bailed. Dead money is a loss, it’s not true if you don’t sell you don’t lose. My problem was I thought we’d either fly or die...I bet we would fly and was dead wrong. I don’t agree on your definition of dead money Sports. Had we invested the same amount of money that we had in MNKD over the years in SPY, we would be up 20% just in 2019. My loaning of shares eased the pain a little, but certainly didn’t make up for the lost opportunity. And now my shares aren’t even loaned out. For all of us longs, I hope our investment in MNKD pays off eventually (2021 ??)
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Post by akemp3000 on Dec 10, 2019 12:50:18 GMT -5
The game is not over so to add..."If you don't sell you don't lose" applies ONLY if the investment eventually turns big and recaptures the temporarily dead money or lost potential. This is exactly what keeps many of us in the game. We still expect it to turn very big as apparently does Nate. Unfortunately, we expected it to happen sooner. Now back to the game
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Post by sportsrancho on Dec 10, 2019 13:09:27 GMT -5
Dead money is a loss, it’s not true if you don’t sell you don’t lose. My problem was I thought we’d either fly or die...I bet we would fly and was dead wrong. I don’t agree on your definition of dead money Sports. Had we invested the same amount of money that we had in MNKD over the years in SPY, we would be up 20% just in 2019. My loaning of shares eased the pain a little, but certainly didn’t make up for the lost opportunity. And now my shares aren’t even loaned out. For all of us longs, I hope our investment in MNKD pays off eventually (2021 ??) I should’ve sold everything the minute I heard we were going to reverse split. Every other time I was in a stock that did that I got out pronto. Always for the best. Buying back after the split and after the stock lost another 50%.
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Post by mytakeonit on Dec 10, 2019 13:14:43 GMT -5
With current developments ... I really don't see how we would die. We may not get to $10 by end of year like I thought, but that was due to the Brazil sales starting about 2 months later than what I expected. So, wait for Leap Year day and see where we are. boca - I also have not sold a share, but I keep adding so my is average cost is closer to $3. I'll have to do a tabulation during tax time. sports - When MNKD takes off ... you'll feel like a genius !!! But, that's mytakeonit
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Post by factspls88 on Dec 10, 2019 13:28:22 GMT -5
Huge opportunity cost for holding so long. That said, I'm still in.
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Post by lifebreath on Dec 10, 2019 15:07:11 GMT -5
I don’t agree on your definition of dead money Sports. Had we invested the same amount of money that we had in MNKD over the years in SPY, we would be up 20% just in 2019. My loaning of shares eased the pain a little, but certainly didn’t make up for the lost opportunity. And now my shares aren’t even loaned out. For all of us longs, I hope our investment in MNKD pays off eventually (2021 ??) I should’ve sold everything the minute I heard we were going to reverse split. Every other time I was in a stock that did that I got out pronto. Always for the best. Buying back after the split and after the stock lost another 50%. To sell at that time was my strategy also. Then Matt announced that we were doing the split out of strength not weakness. I could not believe a CEO would make such a bold statement unless he was holding aces, so I did not sell. I am still wondering if his bs was because the UAE deal was in play and it would not have taken long for the price to r recover. Then along comes Castagna
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Post by ktim on Dec 10, 2019 15:46:25 GMT -5
I should’ve sold everything the minute I heard we were going to reverse split. Every other time I was in a stock that did that I got out pronto. Always for the best. Buying back after the split and after the stock lost another 50%. To sell at that time was my strategy also. Then Matt announced that we were doing the split out of strength not weakness. I could not believe a CEO would make such a bold statement unless he was holding aces, so I did not sell. I am still wondering if his bs was because the UAE deal was in play and it would not have taken long for the price to r recover. Then along comes Castagna If you haven't figured out by now that management frequently blows smoke to try to prop up share price, you should really review a lot of the conference calls over the years. I guess at the retail level they've managed to do it quite successfully, as witnessed by the number of people here that have consistently for years thought MNKD is hiding one or more "aces". BTW, there is absolutely no such thing as a reverse split from a position of strength. It's the definition of weakness when a company has to do that to avoid delisting. Also wish I had acted on that reality, which I fully recognized at the time, so I can only blame myself for poor judgement. At least I finally can use all of my substantial tax losses.
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Post by falconquest on Dec 10, 2019 15:51:28 GMT -5
Yeah, unfortunately that's the double whammy. Not only do you lose due to declining share price and the desire to hold but also the opportunity you miss on other stocks. This is why I finally bailed. Dead money is a loss, it’s not true if you don’t sell you don’t lose. My problem was I thought we’d either fly or die...I bet we would fly and was dead wrong. Unfortunately I think a lot of people believed the same (that we would fly). What stumps me is how many smart savvy people believed the same and so far have been wrong. I always believed I had an ace in my pocket when it came to my retirement but as I have stated before, it's a thin line between hero and zero. There is still time to make Afrezza a viable product. Hopefully somebody can figure that out.
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Post by ktim on Dec 10, 2019 16:33:11 GMT -5
Dead money is a loss, it’s not true if you don’t sell you don’t lose. My problem was I thought we’d either fly or die...I bet we would fly and was dead wrong. Unfortunately I think a lot of people believed the same (that we would fly). What stumps me is how many smart savvy people believed the same and so far have been wrong. I always believed I had an ace in my pocket when it came to my retirement but as I have stated before, it's a thin line between hero and zero. There is still time to make Afrezza a viable product. Hopefully somebody can figure that out. It didn't help having this forum as an echo chamber of wishful thinking for quite a long time where any realist poster was hounded and often run off. Also, didn't help to have such a seemingly successful investor as Nate so strongly backing it. I think academic studies have shown that past performance by money managers doesn't have a strong correlation to future performance, but it was easy to look at his track record and hope that he had some unique insight. For me there not only is the issue of dead money cost but also the fact that a good chunk of my losses have been in retirement accounts, so I've permanently lost that tax deferred earnings power (most shares at prices we'll never see again) and have no way of utilizing it to offset taxable gains either. That's like a double or triple whammy.
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Post by pat on Dec 10, 2019 17:18:32 GMT -5
Zzzzzzzzz.....
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Post by mytakeonit on Dec 10, 2019 19:02:06 GMT -5
How did we go up 7 cents ?!!! Didn't you all listen to the shorts?!!!
Seems like sports' brain power just went up a bit. Genius level to follow.
But, that's mytakeonit
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