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Post by pmikeks on Sept 16, 2014 10:08:14 GMT -5
We just keep going down as if we had nothing going for us, no FDA approval, no big pharma partner and no blockbuster drug future. The only negative thing that's happened is mannkind presenting at the Morgan Stanley Healthcare Conference. While that should not be a negative it is the start of the most recent decline. We are going to have a $5 stock very soon at this rate.
Some supporters have said they think management is doing a good job, I believe without Al Mann these guys would be lucky to have a job. Seriously having a CFO like Matt as a main spokesperson shows how little Walstreet savvy management has. Contradicting COO on timing, bumbling around non-answers, cutting off the CEO and making stupid statements like 'we've been so cash starved' without any reason to say that.
Sanofi should insists they replace all mannkind management but they probably will wait to do a hostile take over when the stock gets to $2 which is where we are headed. I have a lot of shares and won't sell because I believe in Al and the product. I just hope sales comes out of the gate fast.
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Post by cybergym66 on Sept 16, 2014 10:34:06 GMT -5
Where's the bottom??? Many thought it was $8 (ahh, the good 'ol days!), but what we have learned is there is no bottom until there's a reason to buy this stock. Sales are suppose to start 1st Qtr 2015, but right now we're just regurgitating what MNKD & SNY said without firm dates being provided. So until sales start or we hear of something concrete on the Techno front, this stock will be pushed down. $5 is certainly (painfully) possible. Management is tone deaf about the share price. I keep asking myself would other companies be so unconcerned? I think not.
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Post by mannmade on Sept 16, 2014 11:16:54 GMT -5
I think my two battlefield quotes... especially "Nuts!!" taken from General Anthony Mc Auliffe of the 101st Airborne Division, made during the siege of Bastogne, during the "Battle of the Bulge," are quite appropriate at this point... As it seems to pretty much some up the collective frustration and yet resolution by all of the true longs on this board and everywhere else...
Also I believe, with the utmost respect to the men and women who have served our country throughout history and continue to do so today, with so much bravery and valor, that the whole Battle of the Bulge analogy/metaphor is quite appropriate at this point in time for our situation with Mannkind. There are many lessons we can learn from history because of the psychology that drives human beings in both both war and peace... Mannkind has been called the "Ultimate Battleground Stock," with the Longs vs the Shorts, for good reason... Each side has been, and continues to be, engaged in a prolonged war to prevail... And throughout this war of the last 14 years or so... the Longs have had many set backs, most notably the two CRLS, and yet they have continued to fight and hang tough... And as in WWII this enemy has quite a propaganda machine which has been one of the principal weapons it has unleashed on the longs over the years... But slowly, ever so slowly unfortunately, the truth is winning out... and hopefully sooner than later the forces of a far more powerful army in the form of the big funds will begin to see the value in mnkd and buy in quantities forcing the shorts into a retreat like Dunkirk...
This latest event or battle in the struggle for control and ultimately victory is very similar to the Battle of the Bulge... 1.) It seems to have come as a bit of a surprise to many... and 2.) It is a last gasp effort of an enemy, whom I have labeled or call the forces of BS (Bears & Shorts) to demoralize the longs and force a capitulation or retreat so that they can recover all of the lost ground they have left behind, (e.g.: Shorting at under 6 pre-AdCom) as the longs have slowly but surely continued to march towards victory by winning the most important and strategic battles of all in this war, such as; Exhubera, cancer, dilution, AdCom, FDA approval and the latest partnership... However make no mistake as we can see from recent weeks this war is not over and the forces of BS are quite resilient and strong still, although I suspect much weaker than they were just 6 months ago even...
So I will also now revert to my own battle cry for the current war we are fighting... "REMEMBER THE SCIENCE!..." If you believe in the science then you know you have a good investment... Even Sharon F, a regular hit person on mnkd who came out with her pro ormd article the other day and I suspect without knowing it, she did mnkd longs a favor when she mentioned all the side effects of the current drugs and treatments that Afrezza will be competing with in just a few short months. While she also acknowledged that her personal favorite ormd is still some years away from going commercial... So we know we have a good product with no near term competition.
And truthfully we should have expected this situation, actually as many did (including Baba who warned me it could happen... Thank you Baba as I took your advice into consideration when reformulating my own interim strategy about how to fight this war for the long term) So we have had some time to adjust our battlefield strategies where and when we could. Perhaps some did not do so or thought they could not... And for those I am very empathetic...
But make no mistake, we will prevail and this current situation, in my humble opinion, is a last gasp effort of a very desperate, but still powerful enemy who will use all the remaining ammunition they have left in a few final attempts to escape with as few losses as they can...
So... Remember the Science... and GLTAL's!!!
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Post by dreamboatcruise on Sept 16, 2014 11:23:42 GMT -5
The Lizard Fund has been accumulating today.
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Post by cybergym66 on Sept 16, 2014 11:29:45 GMT -5
The Lizard Fund has been accumulating today. I hope you aren't a tree lizard! They don't know where the bottom is either! But seriously, there's no rush to buy or reason so MNKD will continue to drop. (I have Jan '15 $10 options so it pains me to write that!) |
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Post by dreamboatcruise on Sept 16, 2014 12:14:50 GMT -5
The Lizard Fund has been accumulating today. I hope you aren't a tree lizard! They don't know where the bottom is either! But seriously, there's no rush to buy or reason so MNKD will continue to drop. (I have Jan '15 $10 options so it pains me to write that!) Jackson's Chameleon (aka three horned). We do like climbing, but come down to earth on a daily bases. Calling a bottom is never easy. I haven't bought all I'd like to. If I get the rest even cheaper I won't complain. I have Sept 'ouch $10 options that are currently in hospice. I have only a few more days to visit and say goodbye. I'm shedding a few lizard tears, which are much more genuine than the crocodilian kind. |
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Post by suebeeee1 on Sept 16, 2014 12:29:03 GMT -5
I hope you aren't a tree lizard! They don't know where the bottom is either! But seriously, there's no rush to buy or reason so MNKD will continue to drop. (I have Jan '15 $10 options so it pains me to write that!) Jackson's Chameleon (aka three horned). We do like climbing, but come down to earth on a daily bases. Calling a bottom is never easy. I haven't bought all I'd like to. If I get the rest even cheaper I won't complain. I have Sept 'ouch $10 options that are currently in hospice. I have only a few more days to visit and say goodbye. I'm shedding a few lizard tears, which are much more genuine than the crocodilian kind. LOL....I too have 8 Puts for Nov that I thought would NEVER be tested (used them to offset costs to buy Calls). Seems like I'm going to have a whole bunch of high priced shares come mid November. Of course, I may have more high priced stock in January as well.....ouch! |
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Post by suebeeee1 on Sept 16, 2014 12:30:08 GMT -5
Of course, optimist that I am, I am still hoping that the January's will never see the light of day and that I can still cash in on THOSE calls..
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Post by itrade on Sept 16, 2014 16:08:30 GMT -5
I really hope SNY is accumulating shares at this point and an announcement is made soon. I'm running out of likely scenarios for the recent price action. I expect us to hit *gulp* 6 by the end of the week.
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Post by babaoriley on Sept 17, 2014 11:46:24 GMT -5
You wanna see bottom? Take a look at one of my long, long, long time holdings, ONCY, today! At least it took a long time to go broke!
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Post by seanismorris on Sept 17, 2014 13:40:06 GMT -5
Where is the bottom?
Where is the reason to buy more?
I'll buy another 1000 shares in early November, and if we don't see a rebound another 1000 in January.
MNKD is so cheap, I just can't help myself...
I'm not worried about the lack of news from Mannkind. Al Mann stepped up this week, but it didn't make a difference in the the share price. What else can Mannkind announce? They have no earnings... The followup trials are mostly Sanofi's responsibility, as is marketing, etc. The factory buildout should be complete (mostly) by Nov. The 12 unit trial completion isn't a stock mover. The filing in EU may not happen until Sanofi completes the trials to fix the Afrezza Label.
Sorry, but we are at the accumulate stage.
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Post by mannmade on Sept 17, 2014 13:49:09 GMT -5
Where is the bottom? Where is the reason to buy more? I'll buy another 1000 shares in early November, and if we don't see a rebound another 1000 in January. MNKD is so cheap, I just can't help myself... I'm not worried about the lack of news from Mannkind. Al Mann stepped up this week, but it didn't make a difference in the the share price. What else can Mannkind announce? They have no earnings... The followup trials are mostly Sanofi's responsibility, as is marketing, etc. The factory buildout should be complete (mostly) by Nov. The 12 unit trial completion isn't a stock mover. The filing in EU may not happen until Sanofi completes the trials to fix the Afrezza Label. Sorry, but we are at the accumulate stage. We are in lock step... Accumulate as much as you reasonably can and feel is appropriate for your risk tolerance and stage of life with further plans in mind... |
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Post by itrade on Sept 22, 2014 16:43:12 GMT -5
I feel as if I'm being stabbed every morning with MNKD. Do we have a support level at this point?
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Post by mannmade on Sept 22, 2014 17:16:26 GMT -5
Not for the faint of heart... Nor for anyone who does not really understand what Afrezza has the potential to do as a possibly disruptive, first in class drug for the treatment of diabetes... I cannot tell you the bottom but I can tell you imho the potential upside is enormous if you have the patience and don't get caught up in margin the game or have expiring options that wind up out of the money.
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Post by dreamboatcruise on Sept 22, 2014 17:32:31 GMT -5
It would seem there is meaningful upside from here even if one simply counted the upfront payments and product sales associated with the current capacity at Danbury.
I am certainly a buyer at these levels. I've just now around $6 begun recommending it to people again as well, which is something I do less lightly than my own purchasing... friends and family recommendations that is, not just anonymous posts on boards.
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