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Post by cjm18 on Sept 6, 2018 12:01:09 GMT -5
As you can see from this morning’s action, the shorts have not gone anywhere. Yesterday’s drop from the highs was mostly due to the shorts hitting the price hard along with day trader’s taking profit. Here are yesterday’s numbers from Volumebot: Date: 9/5/18 Short Volume: 25,150,013 Total Volume: 40,875,659 Percent Short Volume: 61.53% In my opinion, the shorts took a lesson from the last run up to $6.71 which appeared to catch them off guard. That is why they hit back so hard yesterday and so quickly before things got out of hand. However, what is different this time is materially great news for the company in regards to the TreT partnership. MannKind is in a substantially better financial and market credibility position now. It will be interesting to see how long the shorts can maintain the price pressure if more and more investors jump in. The short percentage has been very bearish the past two days. And on very heavy volume. Shares must be easy to locate. It’s looking like we will settle closer to two dollars (not the warrant price of 2.38) when the volume goes back to normal. Stockshortdata.com |
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Post by mnkdorbust on Sept 6, 2018 12:10:53 GMT -5
I'd like to think Mike and team would like to send a nice parting FU gift to the shorts as much as we would so hopefully there is more to come! I don't think anyone saw the UTC dealing coming (at least I didn't) which gives me hope news is pretty water tight within MNKD currently.
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Post by babaoriley on Sept 6, 2018 12:15:50 GMT -5
Central. If more and more shorts are piling on why is the borrow rate still going down at Schwab and fidelity. To me that means there still is not a demand for overnight shorting. It appears to me that there are more shares to borrow against, thus the low borrow rate. The outstanding share number is up to 153 million now. I would not trust those numbers as being accurate, CCI. The huge volumes to me just indicate the normal flood of day traders who swarm in with material news. They're in, then they're out. |
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Post by mytakeonit on Sept 6, 2018 13:13:32 GMT -5
I understand that day traders get calls at 3 a.m.  |
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Post by hellodolly on Sept 6, 2018 14:29:49 GMT -5
As you can see from this morning’s action, the shorts have not gone anywhere. Yesterday’s drop from the highs was mostly due to the shorts hitting the price hard along with day trader’s taking profit. Here are yesterday’s numbers from Volumebot: Date: 9/5/18 Short Volume: 25,150,013 Total Volume: 40,875,659 Percent Short Volume: 61.53% In my opinion, the shorts took a lesson from the last run up to $6.71 which appeared to catch them off guard. That is why they hit back so hard yesterday and so quickly before things got out of hand. However, what is different this time is materially great news for the company in regards to the TreT partnership. MannKind is in a substantially better financial and market credibility position now. It will be interesting to see how long the shorts can maintain the price pressure if more and more investors jump in. CCI, yes "...materially great news..." and right now would be the best time to execute another deal as we're not the same company as we were 'yesterday'. My thoughts are we have gained some position of strength at the table now and Mike should try to ink another deal while the fire is still hot. Thoughts? |
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Post by mytakeonit on Sept 6, 2018 15:07:55 GMT -5
Looks like everyone is trying to keep the pps above $2 ... so we can be listed again? Visibility also helps day traders ... even though the newbies don't really know what they are doing. Ha!
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Post by centralcoastinvestor on Sept 7, 2018 8:47:38 GMT -5
Yesterday was another high short volume day. Surprise surprise. And in this morning’s action, the shorts are attacking again. This is the way it has worked over and over in the past. Good news comes out, lots of buy volume pours in and then the shorts sell into the good news to prevent the price from moving up too much. When the buy volume begins to subside, the shorts walk the price down again.
Here is yesterday’s numbers:
Date: 9/6/18
Short Volume: 6,150,660
Total Volume: 10,036,720
Percent: 61.28%
The difference in the MannKind situation now is that the cash situation isn’t nearly as desperate so we don’t have to get additional financing for months. We have a well established partner with TrepT that has validated Technosphere as a drug platform. My question is, how long will the shorts stay focused on MannKind with the intensity of the past? Based on the action of the last few days, they are still not going anywhere.
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Post by uvula on Sept 7, 2018 8:57:28 GMT -5
If shorts are paying an interest rate to remain short, why would they stay here instead of covering? Do they really thing the price will get lower in the near future? Are they willing to lose money just to screw mnkd?
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Post by matt on Sept 7, 2018 8:58:15 GMT -5
The short percentage has been very bearish the past two days. And on very heavy volume. Shares must be easy to locate. It’s looking like we will settle closer to two dollars (not the warrant price of 2.38) when the volume goes back to normal. There is nothing to push the price toward the warrant strike price. Those with warrants had a chance to short when the price spiked, and now they have two alternatives. If the price drops they can pay the lower price and cover their short letting the warrant expire, or if the price goes up they can pay $2.38 to exercise the warrant and deliver the new share to close out their short position. Either way, I would expect most of the warrant holders did something like that when the news broke. |
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Post by buyitonsale on Sept 7, 2018 10:32:53 GMT -5
Warrants will be exercised within 6 months window starting in October.
Brazil approval and sales by Q1.
TreT phase 3 trial and milestone by Q1.
Most likely to be exercised by EOY.
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Post by traderdennis on Sept 7, 2018 10:35:44 GMT -5
The short percentage has been very bearish the past two days. And on very heavy volume. Shares must be easy to locate. It’s looking like we will settle closer to two dollars (not the warrant price of 2.38) when the volume goes back to normal. There is nothing to push the price toward the warrant strike price. Those with warrants had a chance to short when the price spiked, and now they have two alternatives. If the price drops they can pay the lower price and cover their short letting the warrant expire, or if the price goes up they can pay $2.38 to exercise the warrant and deliver the new share to close out their short position. Either way, I would expect most of the warrant holders did something like that when the news broke. Matt, look at the open interest in the $3 and up January 2019 strikes. Close to 8 million shares in options. Would you agree a lot of those shares are warrant holders selling calls? |
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Post by jred on Sept 7, 2018 14:14:26 GMT -5
There is nothing to push the price toward the warrant strike price. Those with warrants had a chance to short when the price spiked, and now they have two alternatives. If the price drops they can pay the lower price and cover their short letting the warrant expire, or if the price goes up they can pay $2.38 to exercise the warrant and deliver the new share to close out their short position. Either way, I would expect most of the warrant holders did something like that when the news broke. Matt, look at the open interest in the $3 and up January 2019 strikes. Close to 8 million shares in options. Would you agree a lot of those shares are warrant holders selling calls?
Most of the open interest in those options was established well before the warrants were issued so I don't think it was the warrant holders selling calls.
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Post by centralcoastinvestor on Dec 4, 2018 20:34:45 GMT -5
When looking at the carnage on Wallstreet today, I would have figured that much of the selling today in MannKind would have been people selling shares to lessen their exposure or pulling the plug altogether. My first thought would be that the short selling would have been less today because there was no need to drive the price down. I was wrong. VolumeBot showed the following numbers today:
Date Short Volume Total Volume Short Percent
12-04-2018 482,167 677,935 71.12%
So in fact, the short volume spiked today. So my question is why? If the price was dropping on its own, then why short more other than to take advantage of the downward trend to really make the stock drop. With the intense short selling today that resulted in only a $0.06 drop, and considering the market was melting down anyway, Mnkd stock held up very well today. Mnkd stock faces daily unrelenting shorting. It is amazing that the stock has held $1.70 now for weeks. Clearly someone is accumulating or this stock would have dropped a lot more today. IMHO
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Post by mytakeonit on Dec 4, 2018 21:09:57 GMT -5
I think that because the stock market is closed tomorrow ... that you get the usual sell off ... beside that Trump/China noise. The price is still too high for my return from Vegas. Volume isn't very high and it is easy for the shorts to churn and burn it down a little. Nothing really exciting. I'm more excited about opening a wine tonight that I haven't tried before. But it's only mytakeonit ... |
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Post by traderdennis on Dec 4, 2018 21:53:26 GMT -5
Warrants will be exercised within 6 months window starting in October. Brazil approval and sales by Q1. TreT phase 3 trial and milestone by Q1. Most likely to be exercised by EOY. You are running out of time to be exercised this year |
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