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Post by mannmade on Sept 27, 2013 8:49:26 GMT -5
Summer Street is at it again they say Afrezza NDA may not be accepted by FDA because it's an inhaled insulin product
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Post by spiro on Sept 27, 2013 9:26:14 GMT -5
LOL, I saw that, it appears to be based on a hunch. OK, I've got a better hunch, based on solid evidence that Afrezza will be approved. Is there any doubt that Summer Street probably has clients that are short MNKD. That is, if they have any clients.
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Post by mannmade on Sept 27, 2013 9:28:35 GMT -5
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Post by orlon on Sept 27, 2013 14:06:34 GMT -5
I noted before on the Agora board that Summer Street was somewhat disreputable. The best they were in several articles a few years ago was neutral...nothing bad to say yet nothing good....look for the wheat and avoid this chaff. I'm more concerned about the increasing short interest than the occasional negative articles. Read a post (can't remember if it was here or the YB) that suggested longs may be hedging their investment this way, which would make sense, but 49 million shares?
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Post by mannmade on Sept 27, 2013 17:25:57 GMT -5
Yes saw same on YMB. Funny how they don't even bother to back up there claims. Guess legally it is smart as they are just offering an opinion. They should just change their name to Short Street... Honestly seems all the major issues over past three years have come and gone except for the last two; partnership and FDA approval. Yes they are very big issues but personally I am long and believe these will also be answered and the shorts are just throwing out garbage... Look at all the positive articles and developments lately... Just defies logic... Guess there is nothing else to do until next two events happen...
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Post by jpg on Sept 28, 2013 1:01:38 GMT -5
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Post by notamnkdmillionaire on Sept 28, 2013 17:59:20 GMT -5
With that hit piece, I'd say this bozo works for summer's eve because he is on big douche bag .
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Post by jpg on Sept 29, 2013 15:26:26 GMT -5
It's interesting that a 'nothing opinion' that doesn't make a lot of sense really can move a volatile stock. How much do these people make every time this tactic works for them? How often does it backfire? According to this www.sec.gov/litigation/admin/2009/34-60843.pdf. Perceptive made 250000$ over a one year period breaking 'Rule 105 of Regulation M'. Seems like a lot of risk for relatively meager gains if there is a risk of getting caught but then again the penalty isn't exactly stiff. More like a cost of doing 'business' then a real penalty... Seems like Summer Street 'graduated' to a grey part of the market. Their communications are crafted to be disruptive but devoid of anything you can grab on to. I would be curious to know how much time they spend on psychologists and focus groups vs. actual research? Friday seems to be the best day to let these things loose? How much can they really make and how much do they risk (capital and regulatory) with these tactics? Does anyone following this board have any insight on this spectrum of the market? JPG
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Post by BD on Sept 29, 2013 16:16:58 GMT -5
My personal theory is that the cause and effect between hit pieces and PPS movement is overrated...because its more of a two-pronged attack. If a HF decides its a good time for a bear raid, the hit pieces just provide some cover so the retail investors THINK the pieces were actually influencing a sell-off. And of course, there's going to be those predicting the self-fulfilling prophesy effect and selling into it.
This is all just part of the game, and ought to be taken in stride...or traded on if that's what works for someone.
All IMHO.
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