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Post by dreamboatcruise on Sept 9, 2015 9:43:14 GMT -5
peppy... OMG, you're right. Reading his bio his been homeless for 10 years. That's not someone I'm going to trust A short blurb I saw blamed the Piper downgrade on the shelf registration. I figured we'd see one or more bashers grab onto that, but come on... $4 to $1.5. Certainly even the worst case dilution warrants nowhere near that drastic of a cut. Has anyone seen the actual Piper report and how they are coming up with a $1.5 target? I'm sure I'd find it laughable, but I am curious how you slash your own target like that on news that wouldn't warrant it objectively and still maintain any semblance of credibility. Seems like at that point you could only admit that you're making wild guesses.
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Post by jonesq on Sept 9, 2015 9:48:25 GMT -5
The timing of this downgrade is highly suspicious. I bought more shares @ $4.00 on Tuesday in expectation of a rally this week. Some of my colleagues (who had been previously lukewarm to MNKD) also seemed to think the worst for MNKD is over. One basis for the downgrade was his interview with five endos, which could have taken place over weeks or months. In other words, this report was not triggered by any external catalyst (e.g., a negative medical study) and could have been released at any time.
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Post by greg on Sept 9, 2015 10:23:01 GMT -5
The point I am trying to make is a Harvard education whether its for business or medicine is still a ridiculous acoomplishment. I think the more important point to make here is that his harvard education didn't mean a rat's patootee when he made his previous bad predictions. Besides, Wall Street, and I'm not sure if Piper Jaffrey even qualifies to be considered Wall Street, is chock full of analysts with good college credentials who make bad calls after bad calls. The only true value of a harvard or yale etc education when it comes to making predictions is the credibility it buys the analysts' employer. Nothing more nothing less.
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Post by jonesq on Sept 9, 2015 10:24:31 GMT -5
i love this tweet from Nate Pile, "They never ring a bell at the bottom, but a downgrade from Piper has historically been a pretty good stand-in when it comes to biotech "
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Post by joeypotsandpans on Sept 9, 2015 10:29:34 GMT -5
Here's a little nepotism for ya...Our illustrious Commander and Chief is a Harvard alumnus and guess who he appointed to the commissioner of the FDA that stepped down after making life hell for Al, yep she was a Harvard alumnus as well...so there you have it Moe, Larry, and Shirley doing that fine institution proud in the eyes of PWD among various other groups...great healthcare system BTW...they say sheet rolls downhill from the top...my guess is that a year from November it gets flushed right from the top...maybe we can get the UCLA/USC train going by then
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Post by dreamboatcruise on Sept 9, 2015 10:42:18 GMT -5
joeypotsandpans... given that I have 2 degrees from UCLA and have worked for both UCLA and USC, do I get a spot on the ticket. We are aiming for the White House aren't we?
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Post by joeypotsandpans on Sept 9, 2015 11:01:16 GMT -5
joeypotsandpans... given that I have 2 degrees from UCLA and have worked for both UCLA and USC, do I get a spot on the ticket. We are aiming for the White House aren't we? The USC connection might save you, at least they were smart enough to take Al's contribution
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Post by wmdhunt on Sept 9, 2015 11:02:19 GMT -5
I can't seem to find the "downgrade" write up. Is it real?
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Post by chyaboi on Sept 9, 2015 11:15:08 GMT -5
And you wonder why share lending rates went up over the weekend...
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Post by mssciguy on Sept 9, 2015 11:25:50 GMT -5
And you wonder why share lending rates went up over the weekend... So it was a calculated and manipulative hit piece with a short position taken prior to publication. Aren't there any laws forbidding this conduct? Seems very shady. Most of us have seen enough here to crowdsource a whole book on the manipulation here. Would it sell? Would it get SEC to act?
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Post by notamnkdmillionaire on Sept 9, 2015 11:35:07 GMT -5
And you wonder why share lending rates went up over the weekend... So it was a calculated and manipulative hit piece with a short position taken prior to publication. Aren't there any laws forbidding this conduct? Seems very shady. Most of us have seen enough here to crowdsource a whole book on the manipulation here. Would it sell? Would it get SEC to act? Unless you can obtain actual emails, phone calls, text messages etc from Piper out to other firms alerting them that they are about to downgrade the stock, there is no law or regulation that is going to stop this. Wall Street has always been crooked. But the street is always 10 steps ahead of the SEC, the same people put in place to protect them. The SEC will only give a slap on the hand if the evidence is so over whelming that there is no way for them to brush it under the rug as they typically do.
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Post by dreamboatcruise on Sept 9, 2015 11:39:37 GMT -5
And you wonder why share lending rates went up over the weekend... So it was a calculated and manipulative hit piece with a short position taken prior to publication. Aren't there any laws forbidding this conduct? Seems very shady. Most of us have seen enough here to crowdsource a whole book on the manipulation here. Would it sell? Would it get SEC to act? I really don't think there are laws. One would have to consider that any law would have to treat people with long and short positions the same. We may take offense because we think it unfair that an analyst is trashing an important medical advance simply for monetary gain, but a law outlawing that would have to also apply to people buying MNKD stock and then releasing reports talking about how huge the market will be. Neither a prediction of very low sales nor very high sales can be shown to be a lie... both are simply telling stories about the future... unless of course we have some other evidence that clearly shows a particular person really believed something other than what they wrote, but these types are smart enough not to leave paper trails like that... and on Wall Street longs and shorts both tend to go beyond what they truly believe in "talking their book". An analyst isn't part of the company so there is no insider trading prohibition, that I know of, against them alerting some people to trade ahead of their upgrades/downgrades. There is certainly a lot of behavior that should be cleaned up, but trying to police analysts that have agendas seems out of reach of reasonable regulation.
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Post by dreamboatcruise on Sept 9, 2015 11:42:29 GMT -5
@notamnkdmillionaire... is there a law that prohibits them from telling their own clients to trade ahead of the public release of the downgrade? Piper isn't an "insider" so I didn't think there was any prohibition on trading ahead of the wide release of the downgrade.
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Post by tayl5 on Sept 9, 2015 12:04:29 GMT -5
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Post by lmj on Sept 9, 2015 12:11:16 GMT -5
I'm a concerned long. Folks, Piper downgraded the stock because the analyst didn't think the uptake would happen. That's his job to guide investors who may not follow the stock as closely as he does. There's no conspiracy etc. But his action doesn't mean he's right. If you got better information or better analyses then post it here. That's what this board is for. As far as me, I hopped aboard as a long without doing enough work on the stock. I'm unhappy with my paper loss. I'm hoping you longs are right but at the same time I'm not about to ride this down all the way.
Some of you more arrogant folks posted nasty responses to me when I asked what is your edge on the stock. Please this is a discussion board where we help one another. If someone is concerned or a bit skeptical or doesn't know as much as you its a chance to engage in dialogue that might elicit insights none of us thought about.
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