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Post by traderdennis on Feb 20, 2019 1:56:02 GMT -5
Why because the company will only burn 16 million in cash? No short squeeze until profitability and positive cash flow. And profitability is easier to achieve. Trends dominate, and market looks out 6 to 12 months... My 20K shares @ 1.31 swing position is staying tuned for Q3 19 ER or $7, whichever comes first. Plus, I’m still waiting for .90 to .95 range you mentioned after the offering ... to load up 😊 It hit 99 cents so not bad when the price was over 1.50 or higher. Mc lost some of that forward looking market when he missed guiandance so badly in 2018. Until he exceeds expectations don’t expect much forward looking valuations. |
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Post by buyitonsale on Feb 20, 2019 8:23:20 GMT -5
If they print 9.7M net sales in Q3 19 or sooner, I expect most of the short position to go away and share price to pop. Time will tell...
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Post by sportsrancho on Feb 20, 2019 8:45:06 GMT -5
Very good point I agree, and you know a lot more about this stuff than I do. I’ve always thought that it took 3/4 quarters of beating guidance to get the analysts back on board and the streets attention ..but this is a different case as you point out.
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Post by peppy on Feb 20, 2019 9:58:26 GMT -5
No volume so far this morning. 94,492 shares traded real time in 27 mins. Price at $1.52 is however in the gap. Gap fills at $1.66. what are the chances? www.nasdaq.com/symbol/mnkd/real-time |
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Post by mytakeonit on Feb 20, 2019 12:36:04 GMT -5
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Post by morfu on Feb 20, 2019 15:20:32 GMT -5
not likely to be sustained for much time if at all. Way too much overhang between 1.60-1.90. Just the toxic nature of warrants. I know the warrants will be a strong downward force, but if we get lucky we can ride some pops over 1.60. And as long as they can push those Rx numbers up the warrants will either be exercised this year or expire. This really can be a $2 stock one day!
"I know the warrants will be a strong downward force" could you explain that? I think, that someone got a good deal, when management sold the shareholders out in December, but does that have to do with the current share price? A year ago the the prcie was .50$ so it cant ever get higher than that?
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Post by traderdennis on Feb 20, 2019 15:52:15 GMT -5
I know the warrants will be a strong downward force, but if we get lucky we can ride some pops over 1.60. And as long as they can push those Rx numbers up the warrants will either be exercised this year or expire. This really can be a $2 stock one day!
"I know the warrants will be a strong downward force" could you explain that? I think, that someone got a good deal, when management sold the shareholders out in December, but does that have to do with the current share price? A year ago the the prcie was .50$ so it cant ever get higher than that?
in a very short nutshell, when the price goes above the warrant strike price or even before, the warrant holders get a free ride by either shorting the underlying stock, or shorting call options. Since the warrants cover if the price goes up, the warrant holders will be profitable in either direction the stock goes. When the warrant holders do either of the above scenarios, and there are not enough new retail investors to purchase the shorted shares or call options, the market makers (mm) are required to step in and purchase. The MM will immediately delta hedge their long positions with short positions. The warrant holders can not do 26 million shares in one day, so the overhange happens over a few weeks or months. Or what has happened is some good news is released, the stock price will soar for a few hours, the warrant holders create their short position above the strike price and the MM buy and delta hedge on the back of retail. |
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Post by sportsrancho on Feb 20, 2019 16:04:54 GMT -5
Yes they needed money for the big promotional push for Afrezza. MAYBE they were afraid the markets would freeze up, but it’s the way they did it that hurt the shareholders. Horrible! IMO. And they hurt themselves going forward.
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Post by awesomo on Feb 20, 2019 16:25:35 GMT -5
So far, it looks like their timing of the dilution was at the bottom of the overall market...
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Post by peppy on Feb 20, 2019 16:37:45 GMT -5
MNKD Nasdaq real time volume, 953,771 shares. MNKD Nasdaq summary volume, 1,477,314 shares. $1.475. -.015. -1% www.nasdaq.com/symbol/mnkd |
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Post by mytakeonit on Feb 20, 2019 16:38:01 GMT -5
Hey sports ... Warren Buffett lowered his holdings of Apple and sold all his Oracle shares.
And peppy ... at the close of trading E*Trade had the last sale of MNKD at $1.49. Then later, they changed it to $1.47 ... What the heck ?!!!
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Post by morfu on Feb 20, 2019 21:25:57 GMT -5
"I know the warrants will be a strong downward force" could you explain that? I think, that someone got a good deal, when management sold the shareholders out in December, but does that have to do with the current share price? A year ago the the prcie was .50$ so it cant ever get higher than that?
in a very short nutshell, when the price goes above the warrant strike price or even before, the warrant holders get a free ride by either shorting the underlying stock, or shorting call options. Since the warrants cover if the price goes up, the warrant holders will be profitable in either direction the stock goes. When the warrant holders do either of the above scenarios, and there are not enough new retail investors to purchase the shorted shares or call options, the market makers (mm) are required to step in and purchase. The MM will immediately delta hedge their long positions with short positions. The warrant holders can not do 26 million shares in one day, so the overhange happens over a few weeks or months. Or what has happened is some good news is released, the stock price will soar for a few hours, the warrant holders create their short position above the strike price and the MM buy and delta hedge on the back of retail. >> Since the warrants cover if the price goes up, the warrant holders will be profitable in either direction the stock goes. Well, I very tempted to use strong words on that statement.. If they would short the stock and the price goes up, they holder will have to use the warrants to cover their positions, no gain there!
If the price goes down, the warrant holder gains nothing (unless he shorted, which would be independent of owning the warrants)
As for making money if the price goes up, the warrant is no different than my before mentioned stock from last years 50ct. And if the short, they have to cover, no different than any other buyer of the past.
They got a good deal, the 50ct owners on the fair market, the warrant holders by our beloved managements piss poor decision making. I fail to see any relevance of this to the price development, beside of course at the very moment it was revealed, that 20% of the company was given away for cheap.
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Post by sugarland on Feb 21, 2019 10:35:58 GMT -5
Hi peppy, any insight into this mornings volume patterns? Always appreciate your input. Sincerely.
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Post by celo on Feb 21, 2019 12:42:32 GMT -5
We are currently in a raising wedge pattern since the offering in December. The wedge is now narrowing around 1.50. A raising wedge is a bearish pattern. 1.50 is the top or where the stock price will come back down to for a while. 1.50 resistance will be where we stand for a long time. Lots of shares available to be purchased at 1.50.: www.tradingview.com/x/ugNTgY5S/MannKind Corporation (Nasdaq: MNKD) (MannKind) today announced the pricing of an underwritten public offering of 26,666,667 shares of its common stock and warrants to purchase up to an aggregate of 26,666,667 shares of its common stock. Each share of common stock is being sold together with a warrant to purchase one share of common stock for a combined purchase price of $1.50, Read more: mnkd.proboards.com/thread/10723/mannkind-announces-pricing-public-offering?page=1#ixzz5gBj3S115 |
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Post by sugarland on Feb 21, 2019 14:04:48 GMT -5
We are currently in a raising wedge pattern since the offering in December. The wedge is now narrowing around 1.50. A raising wedge is a bearish pattern. 1.50 is the top or where the stock price will come back down to for a while. 1.50 resistance will be where we stand for a long time. Lots of shares available to be purchased at 1.50.: www.tradingview.com/x/ugNTgY5S/MannKind Corporation (Nasdaq: MNKD) (MannKind) today announced the pricing of an underwritten public offering of 26,666,667 shares of its common stock and warrants to purchase up to an aggregate of 26,666,667 shares of its common stock. Each share of common stock is being sold together with a warrant to purchase one share of common stock for a combined purchase price of $1.50, Read more: mnkd.proboards.com/thread/10723/mannkind-announces-pricing-public-offering?page=1#ixzz5gBj3S115Thx!! |
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