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Post by akemp3000 on Dec 11, 2017 8:16:54 GMT -5
December 11, 2017 - MNKD has met certain criteria and, effective next Monday, MNKD will be added to the NASDAQ Biotech Index. 54 companies are being added while 15 are being removed.
This is positive exposure for MNKD and offers the latest confirmation that others in the market believe MNKD is heading in the right direction.
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Post by peppy on Dec 11, 2017 8:51:16 GMT -5
December 11, 2017 - MNKD has met certain criteria and, effective next Monday, MNKD will be added to the NASDAQ Biotech Index. 54 companies are being added while 15 are being removed. This is positive exposure for MNKD and offers the latest confirmation that others in the market believe MNKD is heading in the right direction. remember when MNKD was kicked out? (there is a whole thread on it in the worm hole.)
In and out and IN.
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Post by timri on Dec 11, 2017 8:56:50 GMT -5
December 11, 2017 - MNKD has met certain criteria and, effective next Monday, MNKD will be added to the NASDAQ Biotech Index. 54 companies are being added while 15 are being removed. This is positive exposure for MNKD and offers the latest confirmation that others in the market believe MNKD is heading in the right direction. remember when MNKD was kicked out? (there is a whole thread on it in the worm hole.)
In and out and IN.
That was a pretty big deal when that happened. I feel like we dropped like a rock after we came off. |
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Post by therealisaching on Dec 11, 2017 9:02:43 GMT -5
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Post by mnholdem on Dec 11, 2017 9:22:11 GMT -5
This is significant because a number of institutions and fund managers that utilize the Biotech Index to annually balance their funds to high- and low-risk criteria could be adding MNKD for 2018.
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Post by ilovekauai on Dec 11, 2017 9:23:03 GMT -5
It was a huge deal when we were delisted. The shorts had field day and the sp dropped like a rock. I vividly recall those darkest of times. Not saying being relisted will do much, but it’s great to be back on board! Okay, back to my coffee and Costa Rica vacation. Out.
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Post by gamblerjag on Dec 11, 2017 10:56:30 GMT -5
Agreed. It is one more thing to check off of Mikes' list. All of these issues were a big deal in driving pps down and here we stand stagnant. all this good news .. everything from Scripts and sales increase, added to biotech index and many other things. All this means to me is when we do take off it will be much more faster than we realize... it's like a ticking time bomb... they can only hold this down for so long.. then boom!!!
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Post by casualinvestor on Dec 11, 2017 11:21:29 GMT -5
I've been waiting for this, and looked at comparable biotech stocks by market cap, I'd expect the IBB to add somewhere in the ballpark of 1-1.5 million shares. I'm not sure if they decide the relative weight by market cap, but their smallest biotechs still have $1-3 million invested.
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Post by bill on Dec 11, 2017 13:27:33 GMT -5
I've been waiting for this, and looked at comparable biotech stocks by market cap, I'd expect the IBB to add somewhere in the ballpark of 1-1.5 million shares. I'm not sure if they decide the relative weight by market cap, but their smallest biotechs still have $1-3 million invested. - I'm sure the shorts will be more than happy to absorb another few million shares to blunt the effect  . |
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Post by mytakeonit on Dec 11, 2017 13:32:31 GMT -5
So we're being relisted on the NASDAQ on the 18th and I'll be back from Vegas the night of the 19th  Aarrggghhhhh!!! |
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Post by dreamboatcruise on Dec 11, 2017 14:39:56 GMT -5
December 11, 2017 - MNKD has met certain criteria and, effective next Monday, MNKD will be added to the NASDAQ Biotech Index. 54 companies are being added while 15 are being removed. This is positive exposure for MNKD and offers the latest confirmation that others in the market believe MNKD is heading in the right direction. I don't believe there is anything subjective about it. It only means that we've met certain requirements like share price. Don't think there is any assessment of "direction" that is involved. This should have a positive effect on share price due to the demand for shares for index linked ETFs. |
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sky
Lab Rat
Posts: 46 
Sentiment: Long
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Post by sky on Dec 11, 2017 16:27:55 GMT -5
We need to hold support above .60 cents pps. |
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Post by mnkdfann on Dec 11, 2017 18:07:52 GMT -5
It was a huge deal when we were delisted. The shorts had field day and the sp dropped like a rock. I vividly recall those darkest of times. Not saying being relisted will do much, but it’s great to be back on board! Okay, back to my coffee and Costa Rica vacation. Out. This is not about being relisted. This is about being added to a NASDAQ sub-index. When we were removed from the NASDAQ Biotech Index in December of 2016, it was NOT a big deal. The MNKD share price was actually steady and even moved up a little. mnkd.proboards.com/thread/6857/mnkd-dropped-nasdaq-biotech-indexYou may be thinking about when MNKD was removed from (I think it was) the Russell Micro-Cap index. That (IIRC) was a much bigger deal. |
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sky
Lab Rat
Posts: 46
Sentiment: Long
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Post by sky on Dec 11, 2017 19:02:17 GMT -5
Yes and all truth to be known we are trading at .60 cents.
Did most people forget that.
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Post by straightly on Dec 11, 2017 20:05:01 GMT -5
Yes and all truth to be known we are trading at .60 cents. Did most people forget that. Any guess of how many shares will be bought by the index funds? |
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Aarrggghhhhh!!!
