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Post by xanet on Oct 27, 2017 20:25:52 GMT -5
Volume pretty low today compared to the last few weeks. What do you make of this? I am not educated in the stock market as much as some of you but some people I have talked to believe market makers are holding it down so they can keep accumulating more stock. It will move after that. Any truth to a theory like this? First, market making firms usually aren't in the business of accumulating large speculative holdings, but rather make money being the middle man... at least from my experience knowing floor traders from market making firms. But if you're using that term very loosely to mean institutional investors in general (such as hedge funds), there are only things they can do on the margin to try to hold a price down while accumulating shares. Any large buying can only be done at a price that someone is willing to sell the shares... either a short placing more money at risk or a long closing out their position. You can't sell shares short to yourself as means of accumulating. A couple of weeks ago people weren't willing to sell their shares at $6, whereas now there are people willing to sell at $3.37... that's the simple and plausible theory. It's pretty well established that big players can and do have ways to accumulate shares while keeping prices suppressed, but we have no way of knowing whether that is being done in this case. Wyckoff wrote a book in the 30's that described how it was done, and hedge funds and others can still play by those rules if they so choose.
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Post by dreamboatcruise on Oct 27, 2017 21:00:59 GMT -5
First, market making firms usually aren't in the business of accumulating large speculative holdings, but rather make money being the middle man... at least from my experience knowing floor traders from market making firms. But if you're using that term very loosely to mean institutional investors in general (such as hedge funds), there are only things they can do on the margin to try to hold a price down while accumulating shares. Any large buying can only be done at a price that someone is willing to sell the shares... either a short placing more money at risk or a long closing out their position. You can't sell shares short to yourself as means of accumulating. A couple of weeks ago people weren't willing to sell their shares at $6, whereas now there are people willing to sell at $3.37... that's the simple and plausible theory. It's pretty well established that big players can and do have ways to accumulate shares while keeping prices suppressed, but we have no way of knowing whether that is being done in this case. Wyckoff wrote a book in the 30's that described how it was done, and hedge funds and others can still play by those rules if they so choose. Can you briefly summarize how they can force shareholders to sell at a particular price? Nothing a hedge fund can do would get my shares at the current price. If they want to accumulate my shares they can only do so by paying much higher price. I think you may be mischaracterizing what Wyckoff actually wrote about. He clearly stated that stock price is based on supply and demand of the shares. His methods were about determining phases of a stock. One accumulates when others are wanting to sell. He was merely showing that often shares go through cycles and if one can determine where in the cycle a stock is you can trade along with others that are helping to drive the cycle, rather than trading with those unwittingly reacting to the cycle. Even during what would be the Wyckoff accumulate phase the more players that are accumulating the faster they will exhaust the available supply... and then the share price starts to rise. Big players tend to drive these cycles but they can't arbitrarily create more sellers willing to offer their shares at a given price... and if Wyckoff's ideas are valid, he claims you can identify these cycles and play along. Though I'm open to hearing an explanation of what you think Wyckoff presented to allow "holding the price down" while accumulating more than the natural supply from sellers would allow at that price. Unless you're talking about spreading rumors about a company, or doing illegal things like a bank purposely telling their own clients to sell while they are buying for themselves... but that's not part of what I think of when I hear Wyckoff mentioned.
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Post by sportsrancho on Oct 28, 2017 16:05:40 GMT -5
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Post by xanet on Oct 28, 2017 16:59:35 GMT -5
It's pretty well established that big players can and do have ways to accumulate shares while keeping prices suppressed, but we have no way of knowing whether that is being done in this case. Wyckoff wrote a book in the 30's that described how it was done, and hedge funds and others can still play by those rules if they so choose. Can you briefly summarize how they can force shareholders to sell at a particular price? Nothing a hedge fund can do would get my shares at the current price. If they want to accumulate my shares they can only do so by paying much higher price. I think you may be mischaracterizing what Wyckoff actually wrote about. He clearly stated that stock price is based on supply and demand of the shares. His methods were about determining phases of a stock. One accumulates when others are wanting to sell. He was merely showing that often shares go through cycles and if one can determine where in the cycle a stock is you can trade along with others that are helping to drive the cycle, rather than trading with those unwittingly reacting to the cycle. Even during what would be the Wyckoff accumulate phase the more players that are accumulating the faster they will exhaust the available supply... and then the share price starts to rise. Big players tend to drive these cycles but they can't arbitrarily create more sellers willing to offer their shares at a given price... and if Wyckoff's ideas are valid, he claims you can identify these cycles and play along. Though I'm open to hearing an explanation of what you think Wyckoff presented to allow "holding the price down" while accumulating more than the natural supply from sellers would allow at that price. Unless you're talking about spreading rumors about a company, or doing illegal things like a bank purposely telling their own clients to sell while they are buying for themselves... but that's not part of what I think of when I hear Wyckoff mentioned. That's probably the best one paragraph summary I have seen on Wyckoff's ideas. I hesitate to post this link ( Trading Strategy), because it really takes Wyckoff out of context, and I am not expert on his ideas, but it does give some examples of ways big players can manipulate the market, without resorting to the tactics Cramer described ( www.youtube.com/watch?v=gMShFx5rThI). I try to avoid conspiracy theories, but I do think big players can and do move the market in ways that maximize their financial gain at the expense of small players. Again, just my opinion based on things I've read and keeping an eye on the markets.
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Post by boca1girl on Oct 29, 2017 8:45:11 GMT -5
It's pretty well established that big players can and do have ways to accumulate shares while keeping prices suppressed, but we have no way of knowing whether that is being done in this case. Wyckoff wrote a book in the 30's that described how it was done, and hedge funds and others can still play by those rules if they so choose. Can you briefly summarize how they can force shareholders to sell at a particular price? Nothing a hedge fund can do would get my shares at the current price. If they want to accumulate my shares they can only do so by paying much higher price. I think you may be mischaracterizing what Wyckoff actually wrote about. He clearly stated that stock price is based on supply and demand of the shares. His methods were about determining phases of a stock. One accumulates when others are wanting to sell. He was merely showing that often shares go through cycles and if one can determine where in the cycle a stock is you can trade along with others that are helping to drive the cycle, rather than trading with those unwittingly reacting to the cycle. Even during what would be the Wyckoff accumulate phase the more players that are accumulating the faster they will exhaust the available supply... and then the share price starts to rise. Big players tend to drive these cycles but they can't arbitrarily create more sellers willing to offer their shares at a given price... and if Wyckoff's ideas are valid, he claims you can identify these cycles and play along. Though I'm open to hearing an explanation of what you think Wyckoff presented to allow "holding the price down" while accumulating more than the natural supply from sellers would allow at that price. Unless you're talking about spreading rumors about a company, or doing illegal things like a bank purposely telling their own clients to sell while they are buying for themselves... but that's not part of what I think of when I hear Wyckoff mentioned. Now that the volume has dropped substantially from the $6+ run up, do you think the accumulation phase is coming to an end and the stock price will start moving up? Or are we in this range until some big news event occurs? And will the move up come with very big volume?
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Post by liane on Oct 29, 2017 10:30:02 GMT -5
Curious that that the current price is almost exactly half the recent high. Don't know it means anything from a TA perspective.
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Post by peppy on Oct 29, 2017 12:40:40 GMT -5
Curious that that the current price is almost exactly half the recent high. Don't know it means anything from a TA perspective. Deerfield set the pull back price it turns out and makes sense, price fell back to Deerfield price.
presently, price pulled back to prior resistance the sanofi low, set by Deerfield. New label, increased insurance coverage, these shares get purchased, and MNKD share price should be good to go.
The physicians that are trying afrezza, should be getting feedback. there is nothing physicians like better than happy patients, meeting goals?
In the world I live in, physicians are the ones now, no matter what anyone says, these physicians can see laboratory results, and are evidence based..... let's go, let's go. L E T S G O.
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Post by mnholdem on Oct 29, 2017 13:52:56 GMT -5
Divergences form when the MACD diverges from the price action of the underlying security. A bullish divergence forms when a security records a lower low and the MACD forms a higher low. The lower low in the security affirms the current downtrend, but the higher low in the MACD shows less downside momentum. Despite less downside momentum, downside momentum is still outpacing upside momentum as long as the MACD remains in negative territory. Slowing downside momentum can sometimes foreshadow a trend reversal or a sizable rally.
Looking at peppy's chart, it's clear that even though the security's share price has trended downward for the past couple years, the MACD (lower chart) has been steadily moving upward and is now crossing over into positive territory.
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Post by peppy on Oct 29, 2017 15:00:43 GMT -5
MN, effective 10/01/17. the price push the first 4 trading days of October. is this national? or.... state policy for United Healthcare?
Joey, We all need you.
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Post by peppy on Oct 29, 2017 15:41:19 GMT -5
So, mytakeonit, who has disappeared, would say, $27. united healthcare covering afrezza, preferred. chit. mnkd was trading a spilt adjusted 50 bucks when sanofi got involved.
2.5 billion market cap. 115,000,000 shares. where does that put price? $21.
Mytakeonit's price was the 261.8. price was there (MNKD) and afrezza had no insurance coverage.
So deerfield got the 10 million shares at 1.39 and covered. Deerfield adding here at 3.25. Insurance coverage. goldman sacs involved somewhere in the share volume weehaw. 3 times the shares outstanding traded. the month closes on Tuesday.
OOG once posted he thought, 2500 scripts a week would take mnkd to profitability. Matt posted somewhere his number 4500 scripts a week.
Ad Nauseam. I had to look.
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Post by peppy on Oct 29, 2017 17:06:58 GMT -5
so mn, or all, as near as we can tell is this united healthcare plan only able in virgina?
CRITERIA The P&T Committee considers clinical information on new-to-market drugs that are typically included in an outpatient pharmacy benefit. The evaluation includes all or some of the following: • Safety • Efficacy • Comparison studies • Approved indications • Adverse effects • Contraindications/warnings/precautions • Pharmacokinetics • Patient administration/compliance considerations • Medical outcome and pharmaco-economic studies When a new drug is considered for PDL inclusion, it is reviewed relative to similar drugs currently included in the PDL. This review process may result in deletion of a drug from a particular therapeutic class in an effort to continually promote prescription of the most clinically useful and cost-effective drugs. All information in the PDL is provided as a reference www.uhccommunityplan.com/content/dam/communityplan/healthcareprofessionals/pharmacyprogram/VA-Pharmacy/VA_PDL.pdf
www.screencast.com/t/Ind7tETZ www.screencast.com/t/tJlfXqAQYJHN
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Post by minnlearner on Oct 29, 2017 18:03:10 GMT -5
OK< what is everyone's guess for this week?? Considering what AMZN did this last Fri, I would be interested in everyones take on MNKD. (I know they have no obvious relationship)
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Post by peppy on Oct 29, 2017 18:32:27 GMT -5
not sure about next week. earnings cc the week after. hold on tight. insurance coverage. preferred.
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Post by slapshot on Oct 29, 2017 20:32:01 GMT -5
two comments on the united health care plan (Preferred Drug List (PDL) Commonwealth of Virginia Commonwealth Coordinated Care Plus Program): 1. it looks to me that this is just for Virginia Medicare / Medicaid peeps. if you look at the website for "Coordinated Care Plus Program", www.uhccommunityplan.com/va/medicaid/ccc-plus.html that's what it indicates. 2. the pdf also says this "Please note that this PDL is updated periodically. If viewing this PDL online, note that changes may appear prior to their effective date to allow for notification." therefore it may not be in effect yet... whomever sourced this could perhaps fill us in on #1, at least.
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Post by casualinvestor on Oct 30, 2017 8:13:01 GMT -5
OK< what is everyone's guess for this week?? Considering what AMZN did this last Fri, I would be interested in everyones take on MNKD. (I know they have no obvious relationship) My expectations: Another 0-2 days of low prices. Followed by a moderate rise until friday/scripts. If scripts hit a new high, then a good day friday, otherwise flat on friday. Overlay on top of that, a run up (+5% ?) to the Q3 earnings report meeting. Aside from the past good financing news, the only surprise I'm wondering about is TASE shares. If the run up to Q3 earnings earnings is very large, then maybe I'll expect more news like partnerships or other products
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