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Post by awesomo on Feb 22, 2019 14:02:17 GMT -5
Once in a while, it is a good idea to think through before writing online. It benefits everyone. A warrant is just another name for a call option with a specified strike price. Only difference is that you send the strike price to the company instead of the options clearing house. You have to pay the premium for a call option, warrants are handed out for free as incentive. |
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akil
Newbie
Posts: 21 
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Post by akil on Feb 22, 2019 14:21:15 GMT -5
Ok. There is nothing free in this world. It is just a matter of figuring out where the cost (premium) is hidden. Why don't you do that as a homework exercise in the case of MNKD and its warrants.
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Post by xanet on Feb 22, 2019 14:24:01 GMT -5
Although I still think if I were playing that short warrant game, I would short before the offer closed and cover after the drop and be done with it. Remember that they got both SHARES and WARRANTS. Two separate things. Short after you sign the papers, cover after the price drops post-offering. That takes care of the shares; now for the warrants. Wait until the price is above the warrant strike price, then short the stock, and either cover with the warrants if the price goes up, or cover by purchasing shares if the price drops, and keep the warrants to repeat the play. |
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Post by sportsrancho on Feb 22, 2019 14:34:23 GMT -5
We need big news to blow through them🙏🏻 We got sold down the river on that set up. Although some very experienced men told me that they would’ve been crazy to set up this deal this way unless there was another shoe to drop. 🤷‍♀️
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Post by traderdennis on Feb 22, 2019 14:58:02 GMT -5
I don’t know about the danny connection. As for leerick they were lead bookrunner for the December financing. Their upgrade looks like a conflict and just a way to get their clients out and profit of MNKD on the backs of retail. If this is so, then it would appear their client’s did not short the December shares afterall as you were initially thinking? I don't believe there was volume before the offering to short. I also did not see a change in the short interest report to say that those participating were covering a short position. My hypothesis is they took a long position at 1.25 and there has probably has not been enough volume in the last 2 months to unwind their long position. The upgrade in my opinion is to unwind what long position is left and to short afterwards. |
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Post by traderdennis on Feb 22, 2019 14:59:01 GMT -5
So calculated around 1.20 for the stock and .30 cents for the warrant.
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Post by porkini on Feb 22, 2019 15:13:24 GMT -5
Thx traderdennis Appreciate your explanation/hypothesis since I don't totally understand. Maybe with more time I will understand... |
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Post by prcgorman2 on Feb 22, 2019 15:52:54 GMT -5
Volume is good. Peppy - how's the technical view?
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Post by porkini on Feb 22, 2019 16:06:28 GMT -5
Finish at/near high of day with volume...
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Post by peppy on Feb 22, 2019 16:17:21 GMT -5
MNKD Nasdaq real time volume, 1,982,174 shares. MNKD Nasdaq summary volume, 3,543,872 shares. www.nasdaq.com/symbol/mnkd$1.56 +.11. +7.58% The weekly chart. A price triangle break out at 2 dollars.  |
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Post by porkini on Feb 22, 2019 17:14:35 GMT -5
MNKD Nasdaq real time volume, 1,982,174 shares. MNKD Nasdaq summary volume, 3,543,872 shares. www.nasdaq.com/symbol/mnkd$1.56 +.11. +7.58% The weekly chart. A price triangle break out at 2 dollars.The orange MA 100 is the break out then? Thx.  |
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Post by peppy on Feb 22, 2019 18:20:47 GMT -5
MNKD Nasdaq real time volume, 1,982,174 shares. MNKD Nasdaq summary volume, 3,543,872 shares. www.nasdaq.com/symbol/mnkd$1.56 +.11. +7.58% The weekly chart. A price triangle break out at 2 dollars.The orange MA 100 is the break out then? Thx. the MA's continue to move down. A triangle break out is a break and hold of the triangle line. When that happens there is a measured move. triangle high, $6.96. Triangle low, .67. Subtract = @ 6 dollars. Point of break out will/would be 2 dollars. 2 dollars plus 6 dollars = 8 dollar target on a triangle break out. All IF, The world best fast acting insulin and the insulin cartel do not want the competition. |
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Post by mytakeonit on Feb 22, 2019 18:38:38 GMT -5
In a nutshell ... ended 2018 at $1.06 ... added 50 cents ... and now at $1.56 ... WOW !!!
But will we make it to mango's $20 end of year target? Beats me ... because $20 isn't even on peppy's chart.
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Post by awesomo on Feb 22, 2019 18:43:13 GMT -5
We were at 1.78 on 12/12/18, and now we are at $1.56. WOW!!!
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Post by prcgorman2 on Feb 22, 2019 20:35:55 GMT -5
Was there any dilution in between those points awesomeno?
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